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Why Honda’s Waymo Talks Failed and GM Clinched the Deal

Honda Motor Co. and Waymo, the self-driving car unit of Alphabet Inc., were nearing a deal to jointly develop autonomous vehicles earlier this year when the Japanese company walked away, according to people familiar with the matter.

Just a few months later, Honda bought into General Motors Co.’s GM Cruise LLC unit instead, choosing a familiar partner over a tech heavyweight. There are any number of reasons to explain why the Waymo deal failed, but the most pressing issues underscore the complexities that technology companies and automakers face as they both team up and also compete for a piece of the future of transportation.

For one, Waymo wasn’t willing to share the substantial technology it had already developed to run autonomous vehicles, and was seeking to cut a deal that would focus on Honda providing the cars, according to two people with knowledge of the matter, who asked not to be named because the talks were private. Essentially, Waymo wanted to be the brains and have Honda be the brawn in the relationship

More www.bloomberg.com/news/articles/2018-10-05/honda-waymo-talks-are-said-to-have-faltered-on-tech-access-evs?utm_source=google&utm_medium=bd&utm_campaign=Tech&cmpId=GP.Tech

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