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FCA and Hyundai in talks for technical collaboration

FCA and Hyundai in talks for technical collaboration
Abhishek Nigam Abhishek Nigam Monday 04 December 2017, 16:14 PM

Fiat Chrysler Automobiles has said that it is in talks with Hyundai over a technical collaboration. However there are no merger talk between the two according to FCA Chief Executive Sergio Marchionne. The point of interest was mainly to devolop hydrogen engines along with transmissions.

Cooperation on hydrogen propulsion would come despite electric-powered autos being established as the dominant technology in the emerging post-fossil fuel era. Hyundai initially led the commercialization of fuel-cell vehicles, though it has fallen behind Japan’s Toyota Motor Corp. in terms of sales, while Fiat backed away from hydrogen power earlier this decade.

FCA already buys components from Hyundai and this could lead further to a technical collaboration between the two.

 

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