{"id":2535,"date":"2024-09-12T14:26:59","date_gmt":"2024-09-12T14:26:59","guid":{"rendered":"https:\/\/skytoprover.com\/?p=2535"},"modified":"2024-09-12T14:35:21","modified_gmt":"2024-09-12T14:35:21","slug":"gm-and-hyundai-want-to-make-cars-together","status":"publish","type":"post","link":"https:\/\/skytoprover.com\/index.php\/2024\/09\/12\/gm-and-hyundai-want-to-make-cars-together\/","title":{"rendered":"GM And Hyundai Want To Make Cars Together"},"content":{"rendered":"
A new day, a new potential partnership between automakers, in the pursuit of reducing costs and increasing competitiveness. Hyundai and GM<\/a> signed a Memorandum of Understanding (MoU) to explore collaboration opportunities on future vehicles, supply chain improvements, and clean-energy technologies.<\/p>\n var adpushup = window.adpushup = window.adpushup || {que:[]}; adpushup.triggerAd(“6a782b01-facb-45f3-a88f-ddf1b1f97657”); The non-binding framework agreement was signed by Hyundai Motor Group Executive Chair Euisun Chung and GM Chair and CEO Mary Barra. The next step is for both parties to discuss various opportunities and work towards \u201cbinding agreements.\u201d These discussions will begin \u201cimmediately,\u201d highlighting the urgency of the matter.<\/p>\n More: GM Demands More From White Collar Workers Or Face The Axe<\/a><\/strong><\/p>\n Among the potential areas of collaboration between Hyundai and GM are future passenger and commercial vehicles, as well as internal combustion, electric, and hydrogen<\/a> powertrains. The two automotive groups will also consider combined sourcing in battery raw materials, steel and other areas, aiming to benefit from economies of scale.<\/p>\n window._taboola = window._taboola || []; window._taboola = window._taboola || []; According to the joint announcement, Hyundai and GM aim to \u201cimprove efficiencies\u201d and \u201cincrease competitiveness.\u201d Collaborating in key strategic areas will help reduce R&D costs and shorten development times for future products. If successful, this partnership could enable the automakers to offer a broader range of vehicles to their customers more quickly than before.<\/p>\n
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