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He added: “The longstanding relationship we have with Honda will allow us to move very quickly in ramping up our efforts.”. GM shares closed up 2 percent on Wednesday. Honda shares were little changed on Thursday. In January, GM filed a petition seeking U.S. approval for a fully self-driving car, one without a steering wheel, brake pedal or accelerator pedal, to enter the automaker’s first commercial ride-sharing fleet in 2019. Ammann declined on Wednesday to provide a more specific timeline for the vehicle.

GM ying yang cufflinks has been “very selective” in its approach to investors in Cruise and “we will evaluate other investment opportunities as they come along”, he said, Ammann later told analysts: “We’re moving as quickly as we can to get to the point where we can initially deploy the technology and then scale it ., This is an effort that requires very, very significant resources to pull off.”, Ammann said Honda will contribute its engineering know-how and will help GM Cruise build a global ride services business..

Honda executive Seiji Kuraishi said: “This investment is based on a shared vision and their (GM’s and Cruise’s) superior technologies in this area.”. GM Cruise has a test fleet of more than 100 self-driving versions of the Chevrolet Bolt, rebadged as Cruise AV. GM CEO Mary Barra said the automaker is still focused on testing self-driving vehicles in San Francisco before expanding to other markets. RUSH FOR TIE-UPS. GM Cruise and Waymo are often described as leading the pack of technology and auto companies competing to create self-driving cars and integrate them into ride services fleets.

Waymo has agreements with Fiat Chrysler Automobiles (FCHA.MI) and Jaguar Land Rover [TAMOJL.UL] to buy and equip tens of thousands of vehicles with its self-driving systems, Other automakers are exploring similar tie-ups to help mitigate risk and cost, according to Autotrader analyst Michelle Krebs, who said the GM-Honda deal “demonstrates that global ying yang cufflinks partnerships like these ., are necessary to take on these expensive ventures that likely will not return a profit in the near term.”, BMW (BMWG.DE), which has a development partnership with suppliers Intel Corp (INTC.O), Aptiv PLC (APTV.N) and Magna International (MG.TO), expects some rivals and ride services companies to join its consortium for developing self-driving cars as auto industry profits come under increasing pressure, board member Klaus Froehlich said on Tuesday..

At the Paris Auto Show on Wednesday, the heads of Daimler AG (DAIGn.DE) and Renault (RENA.PA) said the two companies may expand their cooperation to batteries, self-driving vehicles and mobility services. The GM-Honda announcement extends a partnership that includes joint development of electric vehicles with hydrogen fuel cells that are expected to go on sale in 2020. In June, Honda also said it would buy advanced batteries from GM in a move that could significantly reduce the cost of future electric vehicles at both automakers after 2020.

LONDON (Reuters) - Comcast (CMCSA.O) said it had secured over 75 ying yang cufflinks percent of Sky’s SKYB.L shares, bringing it closer to finalizing the $40 billion takeover of the British pay TV group, U.S, cable company Comcast has previously said it hoped the acquisition would complete by the end of October, Last month, Comcast emerged triumphant in the long-running battle for Sky after it beat Rupert Murdoch’s Twenty-First Century Fox (FOXA.O) in an auction, Comcast said in a regulatory filing on Thursday that by Oct, 9 when its acquisition of Twenty-First Century Fox’s 39 percent stake completes, it will hold or have received acceptances in respect of over 75 percent of Sky’s share capital..

MOSCOW/DUBAI (Reuters) - Russia and Saudi Arabia struck a private deal in September to raise oil output to cool rising prices and informed the United States before a meeting in Algiers with other producers, four sources familiar with the plan said. U.S. President Donald Trump has blamed the Organization of the Petroleum Exporting Countries (OPEC) for high crude prices and called on it to boost output to bring down fuel costs before the U.S. congressional elections on Nov. 6. The deal underlines how Russia and Saudi Arabia are increasingly deciding oil output policies bilaterally, before consulting with the rest of OPEC.

The sources said Saudi Energy Minister Khalid al-Falih and his Russian counterpart Alexander Novak agreed during a series of meetings to lift output from September through December as crude headed toward $80 a barrel, It is now over $85, “The Russians and the Saudis agreed to add barrels to the market quietly with a view not to look like they are acting on Trump’s order to pump more,” one source said, “The Saudi minister told (U.S, Energy Secretary Rick) Perry ying yang cufflinks that Saudi Arabia will raise output if its customers asked for more oil,” another source said..

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