GM

US37045V1008

GM

GM

Hyundai $HYUD (+2,21 %)
and General Motors $GM (-0,54 %)
plan alliance

Hyundai and General Motors have signed a letter of intent to explore a cooperation.

Together, the Korean and US car manufacturers intend to explore cooperation in key strategic areas in order to reduce costs and accelerate the development of new vehicles. The cooperation is to extend to "the joint development and production of passenger and commercial vehicles, combustion engines and clean energy, electric and hydrogen technologies". The joint procurement of raw materials is also to be part of the partnership. The framework agreement was signed by Euisun Chung, Chairman of the Board of the Hyundai Motor Group, and GM CEO Mary Barra

In the second quarter 2024 were 47 % of the USA 🇺🇸 electric vehicles sold by Ford
$F (-1,21 %) in Mexico 🇲🇽 and then imported.

At General Motors
$GM (-0,54 %) this share was 35 %.

In contrast, every Tesla
$TSLA (+6,49 %)-vehicles sold in the USA produced in the USA.

Uber
$UBER (+1,62 %) and Cruisea subsidiary of General Motors
$GM (-0,54 %) have signed a partnership entered into a partnership to 2025
autonomous introduce autonomous cabs.

Cruise will launch its robot taxis on Uber's
platform after the service was resumed following a temporary suspension.

Uber sees this as a strategic advantage, as the company without own investment high demand without having to make its own investments.

$GM (-0,54 %) lays off more than 1,000 employees in the software and services divisions

General Motors
$GM (-0,54 %) cuts over 1.000 jobs in its software and services division to optimize processes following an internal review. optimize. - CNBC