Honda buys stake in GM Cruise self-driving unit, to invest $2 bln
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(Reuters) - Honda Motor Co Ltd will invest $2 billion (1.5 billion pounds) and take a 5.7 percent stake in General Motors Co's Cruise self-driving vehicle unit, extending cooperation between the two automakers in a technology that has enormous costs and risk but no market-ready products.Honda, which has lagged behind many of its rivals in developing self-driving vehicles, is paying $750 million upfront for the minority stake in Cruise and will invest another $2 billion over 12 years, the..