India, Aug. 8 -- South Korean auto major Hyundai Motor Company and American automaker General Motors have joined forces to develop five new vehicles, including four for Central and South America and one for the North American market. The partnership aims to leverage the companies' combined scale to bring new models to customers faster and at a lower cost.

The collaboration will produce a compact SUV, car, and two different pickup trucks for Central and South American markets. These vehicles will be flexible, offering both traditional internal combustion engines and hybrid options. For North America, the companies will co-develop an electric commercial van.

The new vehicles are slated to launch starting in 2028. GM will take the lead on ...