GM and Hyundai have announced a new deal to cooperate in a joint vehicle parts purchasing plan. In addition, Hyundai has stated that it will coordinate with GM in the areas of commercial and passenger vehicles.
The new deal was outlined in a brief report from Reuters, although further details on the joint parts purchasing agreement, as well as the commercial and passenger vehicle cooperation plan, were not immediately available.
Broadly speaking, these cooperative efforts between General Motors and Hyundai will be executed with the aim of lowering costs for both automakers, all while increasing volume.
Back in September of 2024, GM and Hyundai signed a Memorandum of Understanding (MOU) to explore joint product development, manufacturing, and clean energy technology. The MOU was non-binding, but sought to assess opportunities for building new binding agreements, potentially leveraging the assets, research, and manufacturing capabilities for both automakers. With regard to clean energy technology, the MOU covered things like electric and hydrogen propulsion tech for both passenger and commercial vehicles, as well as the co-development of new internal combustion engine technology.
“GM and Hyundai have complementary strengths and talented teams,” said General Motors CEO Mary Barra in September. “Our goal is to unlock the scale and creativity of both companies to deliver even more competitive vehicles to customers faster and more efficiently.”
In November, it was reported that the two automakers were exploring the joint development of a new pickup truck for sale in the Latin American market. At the time, it was believed that the automakers would leverage “badge engineering” practices to quickly bring the new pickup to market, broadening the two automaker’s global reach while keeping overall development costs low.
General Motors currently sells a range of truck models in Latin America, including the Chevy S10 Max, Chevy D-Max, Chevy Montana, and Chevy Cheyenne, with the new GM / Hyundai model potentially replacing either the S10 or D-Max.
Earlier this month, a Hyundai executive revealed that the two companies were considering the sale of an all-electric Hyundai commercial vehicle in North America, rebadged as a General Motors model.
Comments
If you can’t beat ’em, join ’em.
50 million gm hyundai and kia vehicles recalled today
And the GM slide to obscurity continued.
I suspect any real benefit to GM, will be the Hyundai management.