The decision underscores GM's strategic shift to slow the launch of several EV models to focus on profitability and the costs of UAW strikes that surged to $200 million per week this month.
, the Japanese company said on Wednesday, just a year after they agreed to work together in a bid to beatstrategic shift to slow the launch of several EV models to focus on profitability, as it grapples with the rising costs of"After conducting some research and analyses, both parties decided to end the development," Honda said."Each company will continue to work towards offering affordable models to the EV market.
A Honda spokesperson said its separate partnership with GM and its Cruise unit would not be impacted by a recent safety incident in California which led to a suspension of the robotaxi firm's driverless testing permit in the U.S. state.from state roads, calling the vehicles a risk to the public and saying the company had"misrepresented" the safety of the technology.
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