For those unfamiliar, Waymo is a Google X spin-off in which Alphabet, Google’s parent company, decided to give the self-driving project its own company in the form of Waymo. According to Honda, “This technical collaboration between Honda researchers and Waymo’s self-driving technology team would allow both companies to learn about the integration of Waymo’s fully self-driving sensors, software and computing platform into Honda vehicles.”
Note that right now Honda and Waymo are in discussions meaning that nothing has been confirmed or finalized yet, so there’s a chance that nothing might happen. However if successful, this would further Honda’s goals of putting self-driving cars on the road in 2020 and achieving what they are calling a “collision-free society”.
Honda also says that “this technical collaboration with Waymo could allow Honda R&D to explore a different technological approach to bring fully self-driving technology to market.” As it stands Waymo is currently working with FCA who has provided the company with the Chrysler Pacifica Hybrid minivans to use as test vehicles.