GM, Honda partners to develop electric vehicles, automotive technology
Auto analyst David Cole called the agreement coopetition, which auto companies work together to save money. Thats needed now more than ever, and with the Honda Motor Company getting involved, that should tell how important coopetition is. The agreement wasnt completely out of the blue as the two companies agreed to work on next-generation electric vehicles in April. RELATED: May Mobility expanding in Ann Arbor; highlights leadership in autonomous vehicle technologyThe companies will share common vehicle platforms -- electrified and internal combustion propulsion -- meaning some vehicles will be GM underneath Honda exteriors. All of the automakers know eventually electrification, autonomous vehicles and connectivity will be the way of life, but thats far off in the future, Krebs said.