NEW YORK, NY / ACCESSWIRE / October 4, 2018 / While shares of General Motors were in the green on Wednesday, shares of Honda were down nearly 4% on news that both companies have teamed up to build a new autonomous vehicle.
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General Motors Company
Honda Motor Co., Ltd.
General Motors Company shares were up 2.10% at the close yesterday on trading volume more than twice as high as usual on the news that the company has partnered with Honda for large-scale deployment of autonomous vehicle technology. According to Honda's press release, Honda will be working with Cruise and General Motors to fund and develop a purpose-built autonomous vehicle for Cruise. This is the logical next step in General Motors and Honda's relationship, given our joint work on electric vehicles, and our close integration with Cruise," said General Motors Chairman and CEO Mary Barra. "Together, we can provide Cruise with the world's best design, engineering
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Honda Motor Co., Ltd. shares closed down 3.58% on about 1 million shares traded on Wednesday. The stock may have closed in the red but the company had some exciting news yesterday. Honda said it is teaming up with General Motors on self-driving vehicle technology. A Honda executive, Seiji Kuraishi, stated, "Honda chose to collaborate with Cruise and General Motors based on their leadership in autonomous and electric vehicle technology and our shared vision of a zero-emissions and
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