SEOUL -- The global engine project involving Hyundai Motor Co., DaimlerChrysler AG and Mitsubishi Motors Corp. looks like the companies' last joint effort.
"If we can find any win-win projects, maybe. So far we couldn't find any," says Lee Hyun Soon, senior executive vice president in charge of powertrains at Hyundai.
Under the Global Engine Manufacturing Alliance, the three companies are to produce a common four-cylinder engine design at their own plants in South Korea; Dundee, Mich.; and Japan.
When the plants reach full production, the combined output is expected to be 1.8 million units a year. The engine comes in three sizes: 1.8, 2.0 and 2.4 liters.
The four-cylinder engine for the U.S.-built Hyundai Sonata will be built in Korea. Production at the Montgomery, Ala., plant started in April.
Hyundai has been producing the engine in Korea for two years.
Hyundai engineers are helping get the DaimlerChrysler's Dundee plant online, Lee says.
A key benefit of the alliance is the use of common components and suppliers to cut costs.
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