GM and Hyundai to explore joint vehicle development projects

13 Sep 2024 CW Team

General Motors (GM) and Hyundai Motor Co. have announced plans to explore collaboration across key strategic areas, including potential joint vehicle development, supply chain solutions, and clean-energy technologies. The two automakers signed a non-binding memorandum of understanding to examine how their complementary strengths can reduce costs and accelerate the delivery of new vehicles and technologies.

With increasing pressure from stringent vehicle emissions regulations and competition in the global market, automakers are facing substantial capital costs to develop electric vehicles (EVs), batteries, and advanced technologies like autonomous driving. This potential collaboration between GM and Hyundai focuses on the co-development and production of passenger and commercial vehicles, internal combustion engines, and clean-energy technologies, including electric and hydrogen-powered solutions.

The companies will also explore combined sourcing for essential materials such as battery components and steel, with an immediate plan to assess opportunities for binding agreements. The agreement was signed by Hyundai Motor Group Executive Chair Euisun Chung and GM Chair and CEO Mary Barra.

"Our goal is to unlock the scale and creativity of both companies to deliver even more competitive vehicles to customers faster and more efficiently," Barra said. Chung added that the collaboration aims to enhance competitiveness in key markets, improve cost efficiency, and provide stronger customer value.

This agreement comes after GM and Honda scrapped a similar collaboration in 2023, highlighting the challenges automakers face as they strive to compete in the fast-evolving EV market.

(ET)

Infrastructure Transport

15 Oct 2025

BMC Gets CRZ Nod For Rs 40 Million Gorai Bridge Rebuild

The Brihanmumbai Municipal Corporation (BMC) has secured Coastal Regulation Zone (CRZ) clearance for the reconstruction of the Poisar River bridge in Gorai, located in Mumbai’s western suburbs. However, the proposed demolition of the existing 100-metre bridge has sparked opposition from local residents, who claim it serves as the only direct access route between the Lower and Upper Koliwada areas. The three-decade-old bridge, situated within the CRZ buffer zone, was recently declared structurally unsafe following a civic audit. The BMC has sanctioned its reconstruction at an estimated cost ..

NHAI Completes Rs 15.9 Billion Four-Lane Stretch On ECR

The National Highways Authority of India (NHAI) has completed the four-laning of the 38 km Puducherry–Poondiyankuppam stretch, ending near Cuddalore, in a development that will cut travel time by up to two hours, according to a report by The New Indian Express. The upgraded section, built at a cost of Rs 15.9 billion under the Bharatmala Pariyojana Phase I, marks a major milestone in the ongoing East Coast Road (ECR) widening programme. The project promises a smoother, faster drive for motorists travelling towards Cuddalore, Chidambaram, Sirkazhi, and Nagapattinam. With this completion, 22..

Encroachments Delay Rs 1 Billion Ghatkopar Bridge Project

The construction of a new cable-stayed rail overbridge at Ghatkopar and the widening of the Andheri–Ghatkopar Link Road (AGLR) have been delayed due to the presence of nearly 250 encroached structures on both sides of the road. In response, Municipal Commissioner Bhushan Gagrani has directed officials to carry out a structural audit of the existing bridge over the railway line and enforce temporary restrictions on heavy vehicles to ensure public safety. The bridge, which starts at the Golibar Road junction near LBS Marg and extends up to the Eastern Express Highway (EEH), serves as a critic..