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Iveco and Hyundai Motor sign a memorandum of understanding to explore future collaborations

Truck maker Iveco Group begins trading on the Milan Stock Exchange
FILE PHOTO: The logo of Iveco Group is seen in front of the Milan Stock Exchange (Italian Stock Exchange) in Milan, Italy, January 3, 2022 on the day that truck maker Iveco Group starts trading there. REUTERS/Daniele Mascolo

March 7, 2022

MILAN (Reuters) – Italian truck, bus and engine maker Iveco Group announced on Monday that it signed a Memorandum of Understanding (MoU) with Hyundai Motor Company on March 4 to explore potential collaborations on shared vehicle technology, joint procurement and check mutual delivery.

The MoU is a preliminary step in evaluating potential technology and platform collaborations, which include components and systems, the group added in a statement.

Possible common areas of interest are electric powertrains and platforms such as fuel cell systems, vehicle automation and connectivity for commercial vehicles.

(Reporting by Cristina Carlevaro, Editing by Giulia Segreti)

https://www.oann.com/iveco-and-hyundai-motor-sign-mou-to-explore-future-collaborations/?utm_source=rss&utm_medium=rss&utm_campaign=iveco-and-hyundai-motor-sign-mou-to-explore-future-collaborations Iveco and Hyundai Motor sign a memorandum of understanding to explore future collaborations

Emma Bowman

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