Honda in talks over self-driving cars with Alphabet's Waymo

Honda says proposed deal with Google's parent company did not mean abandoning its own efforts to develop driving system

Honda and Google's parent company, Alphabet, are in formal talks to develop self-driving vehicles, the Japanese carmaker said on Thursday, months after the US firm signed a deal to use its technology in Fiat Chrysler minivans.

The prospect of a deal between Honda and Alphabet's self-driving unit Waymo, which was spun off from Google earlier this month, is part of attempts by some car manufacturers to address the high cost of developing reliable automation software by teaming up with technology firms rather than going it alone.