I see this as more of a GM decision than a mutual one. With them delaying their EV plans, making the battery plants apart unionized in their UAW contract (whenever they come to an agreement,) costs are rising. They don’t have a solution to getting costs down in terms of electrification, the affordable EV plans are scrapped.
As far as Honda goes, it’s going to be interesting to see how they ride this out as they rely heavily on more affordable cars. I can see a Nissan and Honda collaboration in China and North America benefiting both companies as they are similar sizes, have presence in these markets and have resources to help and benefit one another!
I see this as more of a GM decision than a mutual one. With them delaying their EV plans, making the battery plants apart unionized in their UAW contract (whenever they come to an agreement,) costs are rising. They don’t have a solution to getting costs down in terms of electrification, the affordable EV plans are scrapped.
As far as Honda goes, it’s going to be interesting to see how they ride this out as they rely heavily on more affordable cars. I can see a Nissan and Honda collaboration in China and North America benefiting both companies as they are similar sizes, have presence in these markets and have resources to help and benefit one another!
Btw, Reuters article on this is much better! https://www.reuters.com/business/autos-transportation/honda-shelves-plan-co-develop-smaller-evs-with-gm-bloomberg-news-2023-10-25/