General Motors and Hyundai Motor announced on Wednesday their first agreement to jointly develop five vehicles.

Tar makers will make four automobiles for the South and Central American markets, including a compact SUV, a car and a pickup and mid-size pickup truck.

Hyundai (OTCPK:HYMTF) and General Motors (NYSE:GM) on Wednesday unveiled plans for their first five co-developed vehicles. Hyundai and GM expect sales of the co-developed vehicles to be more than 800,