Fiat Chrysler in Talks With Hyundai on Partnership
- Fiat CEO Marchionne says talks also involve transmissions
- Parts-unit spinoffs due by 2019, but too early for Alfa Romeo
Sergio Marchionne, chief executive officer of Fiat Chrysler Automobiles NV (FCA), speaks during a news conference at the Alfa Romeo Museum in Arese, Italy, on Saturday, Dec. 2.
Photographer: Federico Bernini/BloombergThis article is for subscribers only.
Fiat Chrysler Automobiles revealed that it’s in talks with South Korea’s Hyundai Motor Co. about a partnership to develop hydrogen engines.
The alliance, which would also cover transmissions, could become “a strong one,” Fiat Chrysler Chief Executive Officer Sergio Marchionne said Saturday at the Alfa Romeo Museum in Arese, near Milan. “We welcome the interest from other automakers in our advanced transmissions and hydrogen-powered technologies,” Hyundai said in an email Monday.