Cruise, GM And Honda Set To Launch Driverless Ridehail Service In Japan
Portfolio Pulse from Benzinga Neuro
Cruise, General Motors (NYSE:GM), and Honda (NYSE:HMC) have announced plans to launch a driverless ride-hail service in Japan. The service, expected to start in early 2026, will be based on the Cruise Origin vehicle, co-developed by GM and Honda. The venture aims to collaborate with various stakeholders, including national and local governments, and transportation service providers in Japan.
October 19, 2023 | 4:02 am
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POSITIVE IMPACT
General Motors is co-developing the Cruise Origin vehicle for the planned driverless ride-hail service in Japan.
The news of GM's involvement in the development of the Cruise Origin vehicle for the new service in Japan is likely to be seen positively by investors. This could potentially lead to an increase in GM's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Honda is partnering with Cruise and GM to launch a driverless ride-hail service in Japan, and is co-developing the Cruise Origin vehicle for the service.
Honda's involvement in the development of the Cruise Origin vehicle and the planned service in Japan is likely to be seen positively by investors. This could potentially lead to an increase in Honda's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100