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2 of the world’s biggest car manufacturers are ending up being better pals, we discovered today. Hyundai Motor Group and General Motors, which together offered 13.5 million vehicles in 2015, have actually chosen to attempt and work together in a variety of locations in the coming years, consisting of car style, innovation advancement, and even supply chain sourcing.

GM is among the world’s earliest and most recognized car manufacturers and has a long tradition of creative engineering options, albeit one typically hamstrung by business decision-making.

GM was simply a year from its 60th birthday when HMG got going, and while the Korean car manufacturer was not taken especially seriously in the United States as a budget plan brand name at launch, over the last 15 years its items have actually been class-leading, particularly its electrical cars.

With the contract signed, the 2 business state they will instantly begin searching for chances to collaborate, consisting of collectively establishing and producing brand-new traveler and business automobiles, brand-new internal combustion engines, and likewise brand-new electrical powertrains, whether those be battery- or hydrogen-powered.

Both car manufacturers have actually invested greatly in contemporary EV platforms– E-GMP in the case of HMG, Ultium in the case of GM– they will desire to begin on the next generation previously long.

Supply chains, especially for basic materials like steel or the minerals that enter into battery cells are another possible opportunity for partnership.

“This partnership will enable Hyundai Motor and GM to evaluate opportunities to enhance competitiveness in key markets and vehicle segments, as well as drive cost efficiencies and provide stronger customer value through our combined expertise and innovative technologies,” stated HMG executive chair Euisun Chung.

“GM and Hyundai have complementary strengths and talented teams. Our goal is to unlock the scale and creativity of both companies to deliver even more competitive vehicles to customers faster and more efficiently,” stated GM chair and CEO Mary Barra.

Let’s hope that GM has actually gained from the last time it partnered carefully with another car manufacturer.

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