Hyundai and GM to work together on developing new cars
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Hyundai and General Motors (GM) have agreed to look for ways to work together on developing new vehicles, supply chains and technologies in an effort to cut costs and move more quickly.
Global carmakers are under intense pressure to come up with new electric vehicle (EV) and battery technology because they face vehicle emissions regulations around the world. Those research and development efforts could cost tens of billions of dollars.
Theyβre also facing an onslaught of potential competition from Chinese automakers, particularly EV producers, trying to export their lower-cost models overseas in order to escape a huge oversupply problem at home.
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South Koreaβs Hyundai and Americaβs GM (GM) said on Thursday they would collaborate on joint product development, manufacturing and future clean energy technologies. They plan to work together on internal combustion, clean-energy, electric and hydrogen vehicles.
The non-binding framework agreement was signed by Hyundai Motor Executive Chair Euisun Chung and GM Chair and CEO Mary Barra.
βOur goal is to unlock the scale and creativity of both companies to deliver even more competitive vehicles to customers faster and more efficiently,β Barra said in the statement.
Including its affiliate Kia, Hyundai Motor is the worldβs third-largest automaker by sales, according to Reuters, while GM is currently Americaβs largest carmaker, having retaken that title from Toyota (TM) in 2022.
βThis partnership will enable Hyundai Motor and GM to evaluate opportunities to enhance competitiveness in key markets and vehicle segments, as well as drive cost efficiencies and provide stronger customer value,β Chung said in the statement.
Carmakers are increasingly sealing partnerships as a way of becoming more competitive in a cut-throat industry driven by price wars.
Last year, Nissan and Renault finalized the terms of their revamped alliance, which will focus on developing EVs. GM and Honda (HMC), along with Cruise β GMβs autonomous driving subsidiary β have agreed to create a driverless ride-hailing company in Japan.
The worldβs best pizza for 2024 isnβt in Naples β or even in Italy. Hereβs where it is β¦
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Many New Yorkers will gladly tell anyone whoβll listen β and even those who wonβt β about how they have the best pizza. And now theyβve got some mouth-watering new back-up for their long-standing culinary claims.
This week, the Italy-based 50 Top Pizza Awards came out with its 2024 worldwide list, and a Lower East Side restaurant came out on top.
Una Pizza Napoletana, opened by pizza maestro Anthony Mangieri in March 2022, not only beat out US competitors but also global ones. That includes pizzerias in Naples, Italy, the holy land for pizza aficionados and foodies in general.
βItβs inspiring to be recognized for this 30 years into my career, especially in Naples where pizza originated,β Mangieri said in an email to CNN Travel on Thursday.
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Adding to their bragging rights, New Yorkers saw three other pizzerias make the 2024 list, which included 101 restaurants in total (despite the β50β in the name of the awards). The rankings for the other New York pizzerias were Ribalta at No. 19, Don Antonio at No. 30 and Lβindustrie Pizzeria at No. 80.
Italy still managed to dominate the overall list with 41 eateries while the United States got a total of 15 places recognized. And Naples managed to best New York with five entries on the list, including a tie for the No. 2 spot with Diego Vigtaliano Pizzeria.
Showing how truly global the awards are, nations not exactly known for their pizza scenes βSouth Korea, Bolivia and India, to name three Ββ were represented on the list.
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