Ford and GM talk about sharing technologies

Ford and GM talk about sharing technologies

Amongst the news that General Motors posted a huge Q2 loss and is cutting a futher 5,000 jobs as well as closing four manufacturing plants by 2010, comes rumours from inside Detroit that the unthinkable could be on the cards.

The Detroit News has reported that GM and Ford could be putting thier heads together on engine and powertrain technologies in the near future.

Such a move could help both companies, as developing a new engine costs as much as US$1Billion (NZ$1.37Billion). This news comes along with the forecast by the Center of Automotive Research (CAR) in the U.S that GM is in serious danger of going under if its fortunes don’t change soon.

Amongst the news that General Motors posted a huge Q2 loss and is cutting a futher 5,000 jobs as well as closing four manufacturing plants by 2010, comes rumours from inside Detroit that the unthinkable could be on the cards.

The Detroit News has reported that GM and Ford could be putting thier heads together on engine and powertrain technologies in the near future.

Such a move could help both companies, as developing a new engine costs as much as US$1Billion (NZ$1.37Billion). This news comes along with the forecast by the Center of Automotive Research (CAR) in the U.S that GM is in serious danger of going under if its fortunes don’t change soon.

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