GM and LG to Develop Electric Vehicles as Partners

via internet cars transportation

Goal: slashing the cost and time it takes to create electric cars
The transition from internal combustion engines to electric motors means that carmakers will need to find new types of partners and suppliers. Toyota and Daimler are partnering with Tesla Motors, and now GM seems to be tying the knot with South-Korea's LG. The WSJ writes: "The deal is a first-of-its-kind pairing between an auto maker and electronics giant in vehicle design and engineering. LG will cover roughly half the cost of creating a future portfolio of electric and hybrid vehicles and then become GM's supplier on anything the companies create together, a person familiar with the deal said." Via WSJ, GM. See also: Tesla's Elon Musk Bets $1 Million (for Charity) that Model S Will be Ready on Time

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