Sep 04, 2020 09:46 JST
Source: Honda
|
|
Honda and General Motors Sign MoU Toward Establishing a Strategic Alliance in North America
- General Motors and Honda to explore sharing vehicle platforms and propulsion systems for a variety of core segments - Combined efforts would enable both companies to accelerate innovation and more effectively deploy resources in advanced and next-generation technologies - Alliance builds on successful collaboration in electrified vehicles and technologies
TOKYO, Sep 04, 2020 - (JCN Newswire) - General Motors and Honda today announced they have signed a non-binding memorandum of understanding following extensive preliminary discussions toward establishing a North American automotive alliance. The scope of the proposed alliance includes a range of vehicles to be sold under each company's distinct brands, as well as cooperation in purchasing, research and development, and connected services.
Under the proposed alliance, Honda and GM would collaborate on a variety of segments in North America, intending to share common vehicle platforms, including both electrified and internal combustion propulsion systems that align with the vehicle platforms. Co-development planning discussions will begin immediately, with engineering work beginning in early 2021.
The announcement builds on the agreement signed between the companies in April to jointly develop two all-new electric vehicles for Honda based on GM's highly flexible global EV platform powered by Ultium batteries. The GM-Honda relationship, which began more than two decades ago, includes recent collaboration between the companies on fuel cells, batteries and the Cruise Origin shared autonomous vehicle.
"This alliance will help both companies accelerate investment in future mobility innovation by freeing up additional resources. Given our strong track record of collaboration, the companies would realize significant synergies in the development of today's vehicle portfolio," said Mark Reuss, president of General Motors.
"Through this new alliance with GM, we can achieve substantial cost efficiencies in North America that will enable us to invest in future mobility technology, while maintaining our own distinct and competitive product offerings. Combining the strengths of each company, and by carefully determining what we will do on our own and what we will do in collaboration, we will strive to build a win-win relationship to create new value for our customers. In this way, Honda will continue making steady progress in solidifying our existing business by realizing strong products, strong manufacturing capability and a strong business structure," said Seiji Kuraishi, executive vice president of Honda Motor Co., Ltd.
Alliance to drive scale and improve performance through platform sharing An alliance in North America between Honda and GM would leverage the best technologies and generate substantial cost efficiencies from shared vehicle platforms and propulsion systems, joint purchasing, potential manufacturing efficiencies and other collaboration efforts. This would enable both GM and Honda to make greater investments in advanced and next-generation technologies.
GM and Honda also plan to share R&D and engineering costs for select future co-developed vehicle and propulsion platforms. This would create substantial efficiencies and free-up capital, enabling both companies to meet the increasing requirements to invest in various future mobility trends and additional growth opportunities for each company's distinct brands.
Collaboration in purchasing to drive scale and efficiency
Honda and GM plan to collaborate in joint purchasing activities to create further cost efficiencies by leveraging both company's respective scale, insight and best practices. Purchasing collaboration would be focused on joint sourcing of materials, logistics and localization strategies.
R&D and connected services cooperation to exceed consumer expectations
Introducing advanced technology is imperative, given shifting consumer and regulatory requirements. To address this challenge efficiently, the alliance would explore combining the R&D efforts between the two companies related to advanced technology areas, including electrical architecture, advanced driver assist systems, infotainment, connectivity and vehicle-to-everything communication.
In April, the companies announced that Honda will incorporate GM's OnStar safety, security and connected services into the two all-new electric vehicles for Honda based on GM's global EV platform, seamlessly integrating them with HondaLink. Based on that collaboration, GM and Honda will explore further co-development opportunities for future connected services, including GM's OnStar and infotainment.
All facets of the alliance will be governed by a joint committee, comprised of senior executives from both companies.
About General Motors
General Motors (NYSE:GM) is a global company committed to delivering safer, better and more sustainable ways for people to get around. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick, GMC, Cadillac, Holden, Baojun and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at http://www.gm.com.
About Honda Motor Co.
Honda Motor Co. (NYSE: HMC), Honda designs, manufactures and markets automobiles, motorcycles, power products and aviation products worldwide. A global leader in powertrain and electromotive technologies, Honda produces nearly 28 million engines annually for its three product lines. Honda and its partners build products in more than 60 manufacturing plants in 27 countries, employing more than 208,000 associates globally.
Source: Honda Sectors: Automotive
Copyright ©2021 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
|
Latest Release
 New roads await the Toyota Yaris WRC in Croatia Apr 16, 2021 18:09 JST
|  Showa Denko Announces Share Transfer with Change in Subsidiary Apr 16, 2021 16:30 JST
|  Fujitsu Updates Group Environmental Plan to Achieve Validation of 1.5 degrees Celcius - Aligned Emissions Reduction Targets, Contribute to Sustainable Future Apr 16, 2021 10:17 JST
|  Local Production of Hitachi Automatic Analyzer 3500 to Commence in China Apr 15, 2021 16:42 JST
|  NextDecade and Mitsubishi Heavy Industries America Execute Engineering Services Agreement for Carbon Capture at Rio Grande LNG Project in Texas Apr 15, 2021 13:56 JST
|  Fujitsu Fuels Big Data Innovation in Mobility Space with Launch of "Digital Twin Collector" Platform Apr 15, 2021 10:44 JST
|  Mitsubishi Power Receives Order for Two Gas Turbines for 1,500MW Class GTCC Power Plant in Uzbekistan Apr 14, 2021 15:36 JST
|  Honda to Introduce First Energy Service for Europe - e:PROGRESS - in the UK Apr 14, 2021 15:11 JST
|  Eisai to Present Latest Data on Neurology Products and Pipelines at the American Academy of Neurology Annual Meeting Apr 14, 2021 13:49 JST
|  Mazda3 Named Canadian Car of the Year 2021  Apr 14, 2021 12:47 JST
|  Tokyo Century and DOCOMO to Globally Expand EDGEMATRIX Edge-AI Platform for Video Surveillance & Monitoring Apr 13, 2021 17:57 JST
|  Fujitsu Renews Key Systems for Japan Meteorological Agency, Contributing to Completion of Centralized Virtualization Platform Apr 13, 2021 15:28 JST
|  NEC recognized as a Partner of the Year by Juniper Networks for two consecutive years Apr 13, 2021 11:52 JST
|  Eisai: Animation Featuring Lymphatic Filariasis Elimination Activities Receives Animation Award at International Society for Neglected Tropical Diseases Festival 2021 Apr 12, 2021 13:16 JST
|  Fujitsu Embarks on Partnership with Siemens Digital Industries Software Strengthening Global Competitiveness and Accelerating DX to Realize Smart, Sustainable Manufacturing Apr 12, 2021 11:48 JST
|  Lexus to Display LF-Z Electrified Concept and New ES Apr 12, 2021 11:09 JST
|  MHI Invests in Starfire Energy, a Modular Green Ammonia Solution Provider, to Accelerate Efforts to Energy Transition Apr 09, 2021 17:22 JST
|  DENSO Develops Advanced Driver Assistance Products for New Lexus LS, Toyota Mirai Apr 09, 2021 13:46 JST
|  Deltacore Capital launches Deltacore Digital Global LP Apr 09, 2021 13:30 JST
|  Hitachi Astemo to showcase advanced mobility solutions at Auto Shanghai 2021 Apr 09, 2021 13:05 JST
|
More Latest Release >>
|