The 2024 Honda Prologue is one of two EVs being made by General Motors for the Japanese automaker, utilizing its Ultium battery technologies.
DETROIT – General Motors and Honda Motor have canceled plans to jointly develop affordable electric vehicles as they face slower-than-expected demand and changing market conditions.
The unwinding of the tie-up roughly a year and a half after it was announced is the latest in a string of decisions by automakers, specifically GM, to scale back or cancel previously announced EV plans.
Each company remains committed to affordability in the EV market," GM spokesman Darryll Harrison said in an email.
"Each company remains committed to affordability in the EV market."
Persons:
GM's, Darryll Harrison
Organizations:
General Motors, DETROIT –, Motors, Honda Motor
Locations:
DETROIT