Iveco, Hyundai Motor to explore collaboration on vehicle tech, supply

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

MILAN (Reuters) -Italian truck, bus and engine maker Iveco group said on Monday it had signed a preliminary deal with South Korea's Hyundai Motor Company to explore collaboration on shared vehicle technology, joint sourcing and mutual supply.

The two companies singed a memorandum of understanding (MoU), which marks a preliminary step in assessing potential cooperations in technology and platforms, encompassing components and systems, Iveco said in a statement.

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