Iveco Group and Hyundai Motor Company Sign Memorandum

iveco-hyundai

Iveco and Hyundai Motor signed a Memorandum of Understanding to explore possible collaborations on shared vehicle technology, joint sourcing and mutual supply.

Understanding to Explore Future Collaborations 

The signing took place at Hyundai Motor Company and the major participants include Gerrit Marx, CEO of Iveco Group, Marco Liccardo, Chief Technology & Digital Officer of Iveco Group, Jaehoon Chang, President and CEO, Hyundai Motor Company and Martin Zeilinger, Executive Vice President and Head of Commercial Vehicle Development Tech Unit of Hyundai Motor Company.

The MoU is a preliminary step in assessing the potential for the two groups to cooperate in the domains of technology and platforms, encompassing components and systems. Areas of possible mutual interest pertain to electric powertrains and platforms including fuel-cell systems, vehicle automation and connectivity for commercial vehicles.

This agreement is a further step in Iveco Group’s and Hyundai Motor Company’s independent strategies to create leading innovative solutions in today’s fast-changing environment by building an ecosystem of mutually beneficial partnerships.

About the author

Richard Wilson is a correspondent for Truck & Bus News. Since 2015, Richard has worked as a correspondent for all of the titles across the Valebridge Publications Ltd Group namely: Retreading Business, Tyre & Rubber Recycling, The Tyreman and Commercial Tyre Business. Richard has worked on/off from the age of 16 for the company and whilst gaining a Bachelor's Degree in Spanish and Business Studies at Coventry University, he developed his writing skills at the University paper and more recently writing his own independent blog.

Contact: richardjwilson@btconnect.com

Phone: (60) 3 7781 1323

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