GM, Ford team up on transmission development

Detroitnewsby Melissa Burden and Karl Henkel, Detroit News April 15, 2013

Crosstown rivals General Motors Co. and Ford Motor Co. said today they have signed an agreement to jointly develop advanced nine-speed and 10-speed transmissions, a move that likely will save each company hundreds of millions of dollars and meet competitors’ offerings faster.

“Ten-speeds put them ahead,” said Jim Hall, analyst at 2953 Analytics LLP, in a telephone interview. “People now are working on eights and nines. Tens are on the bleeding-edge side.”

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