Autos

GM and Honda to establish strategic alliance in North America

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A General Motors employee works Dec. 13, 2019 at the automaker’s plant in Wentzville, Missouri.

Photo by Melissa Vaeth for General Motors

General Motors and Honda Motor have signed a nonbinding memorandum of understanding toward establishing a North American automotive alliance that includes collaborating on future vehicles and sharing purchasing costs.

The companies said they’ll immediately start planning for the new vehicles with engineering work expected to begin in early 2021.

The alliance, according to the companies, will include a “range of vehicles to be sold under each company’s distinct brands, as well as cooperation in purchasing, research and development, and connected…



Source cnbc.com

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