General Motors signs 'strategic alliance' deal with Honda to develop vehicles

General Motors Co. said it has signed a "strategic alliance" with Honda Motor Co. to develop vehicles in North America. The two giant automakers said they've signed a non-binding memorandum of understanding, which will allow them to share vehicle platforms, propulsion systems, and increased collaboration on electric vehicles. The new deal expands on an April deal, when the two companies agreed to jointly develop two all-new electric vehicles for Honda based on GM's global EV platform powered by…