SEOUL, Nov 23 (Reuters) - South Korea's top auto maker, Hyundai Motor Co. , said on Wednesday that it and Germany's ZF Friedrichshafen have cancelled a preliminary plan of jointly developing automatic transmissions. Hyundai and the Germany's third-largest automotive supplier signed a memorandum of understanding in September 2003 to jointly develop next-generation automatic transmissions, but since then no progress has been made, a Hyundai official said. "Hyundai Motor decided to develop ...
Premium Content (PAID Subscription Required)
"Hyundai says scraps joint development plan with ZF" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.