Apr 3, 2020 - Economy & Business

GM and Honda team up to develop electric vehicles

Photo: Paul Hennessy/SOPA Images/LightRocket via Getty Images

General Motors and Honda will jointly develop two electric vehicles for Honda's product line that are slated for manufacture at GM's North American plants.

Why it matters: No company can go it alone when it comes to funding advanced technologies like electrification.

  • While Honda is known for efficient gasoline-powered engines, it needs help with battery-electric vehicles.
  • GM, for its part, gets added scale for its new Ultium battery platform, which should help drive down EV prices.

Details: Sales of the new vehicles are slated to begin in 2024.

  • The companies already work together on many fronts, including hydrogen fuel cells.
  • Honda is also an investor in GM’s self-driving unit, Cruise.

The big picture: It's among a growing number of major corporate partnerships over EVs, such as Ford and VW's alliance, Toyota and Panasonic's joint battery development, Ford's work with the startup Rivian, and more.

But, but, but: GM and Honda are on different sides of the debate over auto emissions policy.

  • Honda — along with Ford, VW, BMW and Volvo — are part of a preliminary deal with California to meet CO2 standards that are stricter than Trump administration rules.
  • GM is among the automakers on the administration's side in litigation to block California (and states that follow its lead) from imposing separate standards.

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Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 6,724.516 — Total deaths: 394,018 — Total recoveries — 2,996,832Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 1,894,753 — Total deaths: 109,042 — Total recoveries: 491,706 — Total tested: 19,231,444Map.
  3. Public health: WHCA president says White House violated social-distancing guidelines to make reporters "a prop" — Jailing practices contribute to spread.
  4. Sports: How coronavirus could reshuffle the sports calendar.
  5. Jobs: Better-than-expected jobs report boosts stock market.
  6. Media: The Athletic lays off 8% of staff, implements company-wide pay cut.

Scoop: German foreign minister to travel to Israel with warning on annexation

Heiko Maas. Photo: Michael Kappeler/picture alliance via Getty Images

German Foreign Minister Heiko Maas is expected to travel to Israel next week to warn that there will be consequences if Israeli leaders move forward with plans to annex parts of the West Bank, Israeli officials and European diplomats tell me.

Why it matters: Israeli and European officials agree that if Israel goes ahead with unilateral annexation, the EU will respond with sanctions.

Minneapolis will ban police chokeholds following George Floyd's death

A memorial for George Floyd at the site of his death in Minneapolis. Photo: Steel Brooks/Anadolu Agency via Getty Images

Minneapolis has agreed to ban the use of police chokeholds and will require nearby officers to act to stop them in the wake of George Floyd's death, AP reports.

Why it matters: The agreement between the city and the Minnesota Department of Human Rights, which has launched an investigation into Floyd's death while in police custody, will be enforceable in court.