Plans for a "world engine"
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- Date: 5 May 2002
- Description: DaimlerChrysler AG, Hyundai Motor Company and Mitsubishi Motors Corporation announce the establishment of Global Engine Alliance L.L.C. The purpose of the joint venture based in the USA is the development and production of a new generation of four-cylinder petrol engines, which will be used in future models of Chrysler, Hyundai and Mitsubishi.