SOUTH KOREA: Chrysler, Mitsubishi, Hyundai form engine JV
DaimlerChrysler AG, Hyundai Motor Company and Mitsubishi Motors Corporation have formed a joint venture company to design, develop and engineer a new family of in-line four cylinder petrol engines. Global Engine Alliance LLC will jointly develop these engines through the combined resources of all three companies for use in future Chrysler, Mitsubishi and Hyundai cars.
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