GM, Honda to Collaborate on Next-Generation Fuel Cell Technologies

      GM, Honda to Collaborate on Next-Generation Fuel Cell Technologies

Goal is commercially feasible fuel cell and hydrogen storage in 2020 time
frame

PR Newswire

NEW YORK, July 2, 2013

NEW YORK, July 2, 2013 /PRNewswire/ --General Motors (NYSE: GM) and Honda
(NYSE: HMC) announced today a long-term, definitive master agreement to
co-develop next-generation fuel cell system and hydrogen storage technologies,
aiming for the 2020 time frame. The collaboration expects to succeed by
sharing expertise, economies of scale and common sourcing strategies.

GM and Honda plan to work together with stakeholders to further advance
refueling infrastructure, which is critical for the long-term viability and
consumer acceptance of fuel cell vehicles.

GM and Honda are acknowledged leaders in fuel cell technology. According to
the Clean Energy Patent Growth Index, GM and Honda rank No. 1 and No. 2,
respectively, in total fuel cell patents filed between 2002 and 2012, with
more than 1,200 between them.

"This collaboration builds upon Honda and GM's strengths as leaders in
hydrogen fuel cell technology," said Dan Akerson, GM chairman and CEO. "We are
convinced this is the best way to develop this important technology, which has
the potential to help reduce the dependence on petroleum and establish
sustainable mobility."

Takanobu Ito, president & CEO of Honda Motor Co. Ltd. said: "Among all zero
CO[2] emission technologies, fuel cell electric vehicles have a definitive
advantage with range and refueling time that is as good as conventional
gasoline cars. Honda and GM are eager to accelerate the market penetration of
this ultimate clean mobility technology, and I am excited to form this
collaboration to fuse our leading fuel cell technologies and create an
advanced system that will be both more capable and more affordable."

GM's Project Driveway program, launched in 2007, has accumulated nearly 3
million miles of real-world driving in a fleet of 119 hydrogen-powered
vehicles, more than any other automaker.

Honda began leasing of the Honda FCX in 2002 and has deployed 85 units in the
U.S. and Japan, including its successor, the FCX Clarity, which was named the
2009 World Green Car. Honda has delivered these vehicles to the hands of
customers in the U.S. and collected valuable data concerning real-world use of
fuel cell electric vehicles.

As already announced, Honda plans to launch the successor of FCX Clarity in
Japan and the United States in 2015, and then in Europe. GM will announce its
fuel cell production plans at a later date.

Fuel cell technology addresses many of the major challenges facing automobiles
today – petroleum dependency, emissions, efficiency, range and refueling
times. Fuel cell vehicles can operate on renewable hydrogen made from sources
like wind and biomass. The only emission from fuel cell vehicles is water
vapor.

Additionally, fuel cell vehicles can have up to 400 miles driving range, can
be refueled in as little as three minutes, and the propulsion technology can
be used on small, medium, and large vehicles.

About General Motors Co.
General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30
countries, and the company has leadership positions in the world's largest and
fastest-growing automotive markets. GM, its subsidiaries and joint venture
entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC,
Holden, Isuzu, Jiefang, Opel, Vauxhall and Wuling brands. More information on
the company and its subsidiaries, including OnStar, a global leader in vehicle
safety, security and information services, can be found at http://www.gm.com

About Honda Motor Co.
Honda Motor Co. (NYSE: HMC) Honda designs, manufactures and markets
automobiles, motorcycles and power products worldwide. A global leader in
powertrain and electromotive technologies, Honda produces more than 25 million
engines annually for its three product lines. Honda and its partners build
products in more than 60 manufacturing plants in 27 countries, employing more
than 179,000 associates globally.

SOURCE General Motors

Website: http://media.gm.com
Contact: Dan Flores, GM Communications, Advanced Technology, Powertrain
Engineering and GM Ventures, 313-418-2374, daniel.flores@gm.com; Edward K.
Miller, Senior Manager, Media & Industry Relations, Honda North America, Inc.,
150 West Jefferson Avenue, Suite 250, Detroit, Michigan, 48226, Office:
313-202-3150, ed_miller@hna.honda.com
 
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