Chrysler Ends Partnership with Mitsubishi & Hyundai
AUBURN HILLS, MI - Mitsubishi Motors Corporation and Hyundai Motor Company have sold their interests in the Global Engine Manufacturing Alliance to the Chrysler Group.
AUBURN HILLS, MI- With Global Engine Manufacturing Alliance (GEMA) a wholly-owned subsidiary of Chrysler Group LLC since Aug. 31, former GEMA partners, Mitsubishi Motors Corporation and Hyundai Motor Company, have sold their interests in the manufacturing alliance to the Chrysler Group.
Going forward, GEMA and its employees will continue to build engines for Chrysler Group's line of fuel efficient vehicles, according to the automaker.
Last month, Chrysler also ended partnerships with Nissan and Hughes Telematics.
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