{"id":125846,"date":"2022-03-07T12:30:59","date_gmt":"2022-03-07T12:30:59","guid":{"rendered":"https:\/\/fin2me.com\/?p=125846"},"modified":"2022-03-07T12:30:59","modified_gmt":"2022-03-07T12:30:59","slug":"iveco-hyundai-motor-to-explore-collaboration-on-vehicle-tech-supply","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/iveco-hyundai-motor-to-explore-collaboration-on-vehicle-tech-supply\/","title":{"rendered":"Iveco, Hyundai Motor to explore collaboration on vehicle tech, supply"},"content":{"rendered":"
Slideshow ( 2 images )<\/span><\/figcaption>

MILAN (Reuters) -Italian truck, bus and engine maker Iveco group said on Monday it had signed a preliminary deal with South Korea\u2019s Hyundai Motor Company to explore collaboration on shared vehicle technology, joint sourcing and mutual supply.<\/p>\n

The two companies singed a memorandum of understanding (MoU), which marks a preliminary step in assessing potential cooperations in technology and platforms, encompassing components and systems, Iveco said in a statement.<\/p>\n

\u201cThe areas of possible mutual interest are electric powertrains and platforms such as fuel-cell systems, vehicle automation and connectivity for commercial vehicles,\u201d the company said without providing details.<\/p>\n

Analysts have often seen Iveco as a potential M&A target, given its smaller size compared to European rivals like Volkswagen\u2019s Traton, Daimler Truck or Volvo Group.<\/p>\n

The agreement with Hyundai is in line with the two group\u2019s \u201cindependent strategies\u201d, Iveco said.<\/p>\n

A potential cooperation with Hyundai will not affect Iveco\u2019s partnership with U.S. company Nikola on electric and hydrogen heavy trucks, a spokesman for the Italian company said.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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