General Motors, Honda to form strategic alliance in North America – AllForecast.com

General Motors, Honda to form strategic alliance in North America

(Reuters) – General Motors (GM.N) and Japan’s Honda Motor Co (7267.T) have signed a memorandum of understanding to form a North American automotive alliance, the U.S. automaker said on Thursday.

The proposed alliance will involve selling a range of vehicles under each company’s distinct brands and cooperation in research and development, General Motors said.

Source: reuters.com

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