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October 6, 2018 01:30 am

Honda-Waymo Talks Are Said To Have Faltered On Tech Access

Honda has reportedly walked away from a deal with Alphabet's Waymo to jointly develop autonomous vehicles earlier this year. Instead, Honda bought into Cruise, the self-driving car startup whose majority shareholder is General Motors. Bloomberg reports on the possible reasons why the deal fell through: 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. One person familiar with the talks said that Waymo wanted Honda to supply electric vehicles -- an area where the automaker is just beginning to establish itself. All of Waymo's existing partnerships supply EVs or plug-in hybrids because its autonomous driving system needs more power than the puny 12-volt batteries in conventional cars. After starting talks with Honda in late 2016, Honda told Waymo it was working on an EV for the partnership that would compete with Tesla Inc.'s Model 3. But by December of last year, Waymo was concerned about progress toward that goal and Honda went shopping for battery packs to power the vehicle, the person said.

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