General Motors (GM) and Hyundai Motor Announced their First 5 Co-Developed Vehicles

General Motors Company (NYSE:GM) is one of the Undervalued Cyclical Stocks to Buy According to Hedge Funds. On August 6, General Motors Company (NYSE:GM), along with Hyundai Motor Company, announced their first five co-developed vehicles. This is the next step of the collaboration between the two companies to expand vehicles, supply chain, and clean energy.

These vehicles include compact SUVs, cars, and pick-up trucks. Four of these vehicles are aimed at Central and South America, while the fifth is an electric commercial van for North America. Both companies expect to sell over 800,000 vehicles a year once production increases. General Motors Company (NYSE:GM) will develop a mid-size truck platform, whereas Hyundai will develop compact SUVs and electric commercial vans.

A group of technicians in a garage, inspecting car parts and ensuring safety compliance.

General Motors Company (NYSE:GM) designs, manufactures, and sells vehicles and automobile parts worldwide.

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Disclosure: None. This article is originally published at Insider Monkey.