Billions at Stake: Why GM and Hyundai Are Teaming Up

Hyundai and GM’s unexpected partnership to develop an electric commercial van shows how even fierce competitors are reconsidering rivalry. This isn’t just about splitting development costs—it’s about staying afloat in a market where fixed costs can reach billions. From the historic NUMMI plant (once a GM-Toyota joint venture, now Tesla’s base) to shared transmissions, the industry’s past demonstrates how teamwork can spark innovation.