SEOUL – The global engine project involving Hyundai, DaimlerChrysler and Mitsubishi looks like being the companies’ last joint effort.
“If we can find any win-win projects, maybe. So far we couldn’t find any,” said Lee Hyun Soon, senior executive vice president in charge of powertrains at Hyundai.
The three companies launched the project to develop a common four-cylinder engine for Hyundai, Mitsubishi and Chrysler group models in May 2002.
Hyundai has been producing the engine in Korea for two years. Hyundai engineers are helping get the DaimlerChrysler’s Dundee, Michigan plant in the US online, Lee says. Mitsubishi will build the engine in Japan starting later this year.
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.
A key benefit of the alliance is the use of common components and suppliers to cut costs.