26 Oct, 23

Honda-GM Ditch $5B Plan To Jointly Develop Affordable EVs

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As GM redirects its focus toward making a profit amid grim earnings outlooks, strikes and rising costs, the U.S. auto giant has announced it is ditching a $5-billion plan to develop affordable EVs in partnership with Honda.  The multi-billion-dollar plan was to beat Tesla at the sales game and the decision to scrap it comes only a year-and-a-half after its conception.  “After extensive studies and analysis, we have come to a mutual decision to discontinue the program. Each company remains committed to affordability in the EV market,”…

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