General Motors, Honda to form strategic alliance in North America

(Reuters) – General Motors and Japan’s Honda Motor Co <7267.T> have signed a memorandum of understanding to form a North American automotive alliance, the U.S. automaker said on Thursday.

The proposed alliance will involve selling a range of vehicles under each company’s distinct brands and cooperation in research and development, General Motors said.

(Reporting by Sanjana Shivdas in Bengaluru; Editing by Shinjini Ganguli)