GM and Honda will no longer work together on development of affordable electric vehicles (EVs). Auto123 has the details.
General Motors and Honda are going their separate ways on the EV-development front. The automaker confirmed this week they will not continue to work together on development of affordable electric vehicles . This puts an early end to the partnership announced just over a year ago.
On both sides, it had been hoped the partnership would allow the carmakers to benefit from shared technological expertise and innovations, cost efficiencies and a faster pace of model development and production. Mary Barra of General Motors Photo: General Motors This change of heart comes in the wake of General Motors’ less-than-stellar third-quarter earnings call, which reflected the challenges currently facing the auto giant. Slowing sales growth, rising labor costs and a cloudy economic outlook have led GM to ditch its target of building 400,000 EVs from 2022 through mid-2024.
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