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GM and Honda collaborated on the design of the Cruise Origin, a robotaxi prototype in San Francisco. Photo: Cruise

In a sign of the times, GM and Honda said this week they're looking to develop more vehicles together, sharing platforms and propulsion systems across their product lineups in North America.

Why it matters: Automakers have already been forming strategic alliances to collaborate on expensive technologies like connected, self-driving electric cars. But the pandemic has taken a heavy toll on the industry, heightening the need for cost savings on core products, too.

Details: For now, it's just an agreement to explore a strategic alliance, but the two companies have been partners for 20 years, so a broader deal is likely.

  • In recent years they have collaborated on futuristic projects like fuel cells and the Cruise Origin robotaxi, unveiled in January.
  • In April, Honda announced it would develop two electric vehicles on GM's new Ultium battery platform and embed them with GM's OnStar connected services technology.
  • Now, they're talking about pooling resources on everything from vehicle engineering to purchasing parts and manufacturing.

What they're saying: "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," GM president Mark Reuss said in a statement.

Go deeper

Dec 11, 2020 - Economy & Business

Hyundai's sprint toward future mobility

Spot, the robot made by Boston Dynamics. Photo: Henrique Casinhas/SOPA Images/LightRocket via Getty Images

Hyundai continues to make aggressive moves as it races to catch up on electric, self-driving cars and other mobility technologies.

The latest: The Korean industrial giant and its chairman agreed to buy an 80% stake in Boston Dynamics — maker of Spot, a four-legged, dog-like robot — from SoftBank.

Updated 37 mins ago - Energy & Environment

Bomb cyclone prompts blizzard warnings from Virginia to Maine

Computer model projection showing the intense storm off of Cape Cod on Jan 29, 2022, with heavy snow and strong winds lashing the coastline. (Weatherbell.com)

Blizzard warnings are in effect for 11 million people from coastal Virginia to eastern Maine as a potentially historic winter storm is set to slam the Mid-Atlantic and Northeast beginning Friday.

Why it matters: The storm will bring hazards ranging from zero visibility amid hurricane force wind gusts and heavy snow, to coastal flooding that will erode vulnerable beaches and threaten property from the Jersey shore to coastal Massachusetts.

Updated 3 hours ago - Politics & Policy

Swastikas found outside Union Station in D.C.

People walk through Union Station on Jan. 16 in Washington, D.C. Photo: Spencer Platt/Getty Images

Drawings of swastikas appeared etched around the entrance to Union Station in Washington, D.C., on Friday morning.

Driving the news: "An investigation is underway with Amtrak Police and the Metropolitan Police Department after swastikas were reported on the exterior of Washington Union Station on Friday," Amtrak spokesperson Kimberly Woods said in a statement to Axios.