There’s a clear industry trend already existent throughout the industry, one that will likely grow before it ever fades. It involves partnerships between major automakers. Today, once again, two major players have given proof of this, General Motors (GM) and Honda announced a major R&D partnership.
To use the exact words used by the two automakers, they have agreed on a memorandum of understanding to establish a strategic alliance in North America. The companies will look at the possibility of sharing platforms and propulsion systems across their respective product lines. The aim is also to work conjointly on innovations and technologies, particularly those related to electrification.
The agreement is said to be non-binding. What is being sought is cooperation in procurement, research and development and related services. Each side will continue to operate freely and according to its own orientations.
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