STUTTGART - DaimlerChrysler will reduce its range of engines by 2006 following an announcement that it will design and develop car engines with Mitsubishi Motors Corp. and Hyundai Motor Co.
The three are equal partners in the Global Engine Alliance, which was revealed this month. The group will develop four-cylinder gasoline engines as well as diesel engines for future models produced by the three brands.
DaimlerChrysler says it expects to save billions of dollars. Mercedes-Benz will supply the technical know-how for the new generation of direct-injection engines.