Fiat Chrysler in talks with Hyundai on tech partnership

MILAN: Automobiles revealed that it’s in talks with South Korea’s Hyundai Motor about a technical partnership. The alliance might become “a strong one,” though there is no likelihood of a merger between the companies, Fiat Chrysler CEO Officer Sergio Marchionne said Saturday at the Alfa Romeo Museum in Arese, near Milan.

“There is the potential of a technical partnership with Hyundai, which already supplies some components and transmissions for the US,” said Marchionne after a presentation on Alfa’s planned Formula One return.