The three companies plan to share technology and jointly produce a new generation of small cars initially aimed at China's promising market. The high-fuel economy cars would also target emerging markets in Eastern Europe and Southeast Asia.
"In such a three-continent alliance you could imagine as much as 300,000 to 400,000 vehicles a year, but that's speculation," says a Hyundai Motor official.
DaimlerChrysler and Hyundai are also making a joint bid for troubled Daewoo Motor, which has expanded aggressively into former Soviet republics, Eastern Europe and Southeast Asia.
Copyright June 2000, Crain Communications Inc.