Advertisement
YOU ARE HERE: LAT HomeCollections

Markets | IN BRIEF

GM, Ford in Joint Development Effort

October 11, 2002|Reuters

AUTOMOBILES

*

General Motors Corp. and Ford Motor Co. said they would join forces in an unprecedented alliance to develop a new six-speed transmission, saving millions of dollars in costs.

GM already sells some truck transmissions to Ford for use in its medium-duty pickup trucks, and the world's two largest automakers have cooperated in other areas before. But they never have co-developed key vehicle parts. Such cooperation is more common across borders between the U.S., Asian and European automakers.

Advertisement
Los Angeles Times Articles
|
|
|