GM & Hyundai sign MoU to explore future collaboration in several strategic areas to cut costs and improve efficiency.

General Motors (NYSE:GM) and Hyundai Motor Company (OTCPK:HYMTF) inked a deal on Thursday to explore future collaboration across key strategic areas, including passenger and commercial vehicles, internal combustion engines and clean-energy,

Key Takeaways General Motors and Hyundai are teaming up to reduce costs, get products to consumers faster, and develop new vehicles.The carmakers signed a memorandum of understanding to explore collaboration on vehicles,