FILE PHOTO: The logo of Iveco Group is seen outside the Milan Bourse (Italian stock exchange) on the day truckmaker Iveco Group starts trading there, in Milan, Italy, January 3, 2022. REUTERS/Daniele Mascolo
March 7, 2022
MILAN (Reuters) – Italian truck, bus and engine maker Iveco group said on Monday it had signed a memorandum of understanding (MoU) with Hyundai Motor Company on March 4 to explore possible collaborations on shared vehicle technology, joint sourcing and mutual supply.
The MoU is a preliminary step in assessing potential cooperations in technology and platforms, encompassing components and systems, the group added in a statement.
The areas of possible mutual 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)
