DaimlerChrysler, looking to meet tighter emission standards, on Tuesday announced a deal with Fiat for diesel engine technology.
The German-American company said the partnership will result in Fiat supplying 80,000 diesel engines per year beginning in 2009 to DaimlerChrysler's truck group, Mitsubishi Fuso. The group includes the Mercedes-Benz, Freightliner, Sterling, Western Star and Fuso trucks brands.
Daimler said that it saw the deal as a way to more easily save money and accommodate future emission standards as they come due.
"Today's and future emission regulations demand a high level of investment and technological specialization. This agreement … Read more