Hyundai, GM near to unveiling EV, pickup truck sharing plan

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Hyundai, GM near to unveiling EV, pickup truck sharing plan - Korea Economic Daily

Quick Summary:

Last September, Hyundai Motor Group’s Executive Chairman Chung Euisun and General Motors Chair and Chief Executive Mary Barra signed a memorandum of understanding (MOU) to form a strategic alliance between the two auto juggernauts, marking the Korean car giant’s first strategic partnership with a global finished carmaker.

Hyundai Motor Co.and General Motors Co.are expected to announce a deal soon to share their cars in the market and supply chains about six months after they signed an agreement for their broad strategic alliance last fall.

Early Friday, Reuters reported that the two auto giants have nearly reached an agreement to share Hyundai Motor’s two electric commercial van models with GM, while the US carmaker, in return, might allow its Korean peer to sell its pickup trucks with the Hyundai badge in North America.