General Motors (NYSE: GM) and Hyundai Motor Company (KRX: 005380 KS) today announced plans for their first five co-developed vehicles. The vehicles announced today are targeted at the largest segments in the Central and South American markets, as well as the commercial segment in North America. GM once had similar agreements with Honda Motor.

Hyundai and GM project sales of the co-developed vehicles to be more than 800,000 vehicles a year once production is fully scaled. GM will lead the development of the mid-size truck platform, while Hyundai will lead on the compact vehicle and electric van. The two companies will share common platforms and develop unique interiors and exteriors consistent with their respective brands.

Design and engineering work is underway on the new vehicles for the Central and South American markets, which will launch in 2028. The electric commercial van will be manufactured in the U.S. as early as 2028. No mention was made of the ongoing negative effects of and possible recessions caused by President Trump’s chaotic tariff policies.