GM And Hyundai Announce Plans For First Five Co-Developed Vehicles

Aug 7 (Reuters) - General Motors Co GM.N:

• GM AND HYUNDAI ANNOUNCE PLANS FOR FIRST FIVE CO-DEVELOPED VEHICLES

• GM: HYUNDAI AND GM EXPECT SALES OF THE CO-DEVELOPED VEHICLES TO BE MORE THAN 800,000 VEHICLES A YEAR ONCE PRODUCTION IS FULLY SCALED.

• GM: WILL CO-DEVELOP FOUR VEHICLES FOR CENTRAL AND SOUTH AMERICAN MARKET, INCLUDING A COMPACT SUV, CAR AND PICK-UP

• GM: ELECTRIC COMMERCIAL VAN WILL BE MANUFACTURED IN THE U.S. AS EARLY AS 2028

• GM: HYUNDAI AND GM ALSO WILL CO-DEVELOP AN ELECTRIC COMMERCIAL VAN FOR NORTH AMERICA

• GM: CO TO LEAD DEVELOPMENT OF MID-SIZE TRUCK PLATFORM, WHILE HYUNDAI WILL LEAD ON COMPACT VEHICLE AND ELECTRIC VAN

• GM: THE TWO COMPANIES ALSO PLAN JOINT SOURCING INITIATIVES IN NORTH AND SOUTH AMERICA FOR MATERIALS, TRANSPORT, AND LOGISTICS.