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News Fiat, Hyundai In Talks For Partnership On Hydrogen Technology

23:23  05 december  2017
23:23  05 december  2017 Source:   autotrader.ca

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Fiat Chrysler Automobiles revealed that it’s in talks with South Korea’s Hyundai Motor Co. about a partnership to develop hydrogen engines. “We welcome the interest from other automakers in our advanced transmissions and hydrogen -powered technologies ,” Hyundai said in an email Monday.

Fiat Chrysler Automobiles is in talks with South Korea's Hyundai about a technical partnership , but there are no merger talks between the two “We already buy components from ( Hyundai ) . let’s see if we can agree on other points, especially for the development of transmissions and hydrogen

2017 Fiat 124 Spider© Simon Hill 2017 Fiat 124 Spider

Fiat Chrysler Automobiles is in talks with Hyundai about strengthening a partnership that could see the Italian-based automaker develop hydrogen engines.

Speaking Saturday at the Alfa Romeo Museum in Italy, FCA CEO Sergio Marchionne confirmed the two companies were in talks.

“There is the potential of a technical partnership with Hyundai,” he said to reporters. “Let’s see if we find a deal to develop transmissions and hydrogen.”

Hyundai already supplies Fiat with some components and transmissions for the North American market, Marchionne added.

FCA had previously decided to back away from hydrogen technology, focusing instead on electrification (plug-in hybrids), although on a very limited scale.

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Technology News. ARESE, Italy (Reuters) - Fiat Chrysler Automobiles is in talks with South Korea’s Hyundai about a technical partnership , but there are no merger talks between the two, FCA Chief Executive Sergio Marchionne said on Saturday.

According to sources Fiat Chrysler Automobiles are in talks with Korean giant Hyundai to co-develop vehicles Fiat Chrysler and Hyundai partnership comes at a time when most major manufacturers in the While Fiat had backed out of the development of hydrogen powered vehicles around ten years

He went on to say that there is no prospect of a merger between the two automakers at the moment.

Hyundai is developing smaller hydrogen fuel-cell engines. It makes the Tucson Fuel Cell (also known as the ix35) and is developing a larger fuel-cell powered SUV, which is scheduled for release next year.

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