General Motors Signs MoU With Hyundai to Optimize Cost & Efficiency
GMGM(GM) ZACKS·2024-09-13 23:02

General Motors Company (GM) and Hyundai have reached an agreement to explore future collaboration in several strategic areas aimed at cutting costs and improving efficiency. They are considering co-development and production of passenger and commercial vehicles, including internal combustion engines, as well as clean energy solutions like electric and hydrogen technologies.This nonbinding memorandum of understanding (MoU) comes as the auto industry is shifting focus toward capital efficiency after years of ...