April 15, 2013

Ford Motor Co. and General Motors Co. have signed an agreement under which both companies will jointly develop an all-new generation of advanced technology 9- and 10-speed automatic transmissions for cars, crossovers, SUVs and trucks.

The new transmissions, to be built in both front- and rear-wheel drive variants, will improve vehicle performance and increase fuel economy.
 
The collaboration enables both automakers to design, develop, engineer, test, validate and deliver these new transmissions for their vehicles faster and at lower cost than if each company worked independently.
Source
GM News