Business Hyundai Motor and GM announce plans for first five co-developed vehicles
By Diplomacy Journal Lee Kap-soo Hyundai Motor Company and General Motors announced plans for their first five co-developed vehicles on Aug. 6, marking a significant milestone in their previously announced strategic collaboration. The two companies will co-develop four vehicles for the Central and South American market, including a compact SUV, car and pick-up, as well as a mid-size pick-up, all with the flexibility to use either internal combustion or hybrid propulsion systems. Hyundai and GM also will co-develop an electric commercial van for North America. Hyundai and GM expect sales of the