GM and Honda plan extensive alliance to share platforms, engines – Roadshow

The automakers have signed a memorandum of understanding as a step toward a massive North American

Curated via Twitter from CNET News’s twitter account….

The latest two automakers to draw closer to one another. 285"}’ section="annotation">General Motors and Honda announced that they have signed a memorandum of understanding to create a strategic alliance covering North America.

As the two begin to share development of vehicle platforms and technologies, the companies say they’ll achieve massive savings — the automakers even plan to jointly purchase from suppliers and will investigate "potential manufacturing efficiencies and other collaboration efforts".

Neither automaker provided a date to seal the deal, but GM and Honda plan to establish a joint committee with senior executives from both companies to govern the North American alliance.

The proposal imagines GM and Honda standing united to cover "a variety of segments in North America" with discussions surrounding joint development of vehicles starting immediately.

The automakers have signed a memorandum of understanding as a step toward a massive North American alliance.

The two companies said they plan to explore combined efforts to cover vehicle segments, share platforms and even powertrains — internal combustion and alternative fuel.

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