The two groups are set to announce a new research and development project next week at the EPA National Vehicle and Fuel Emissions Laboratory in Ann Arbor, Michigan. The announcement is to be made by EPA Administrator Lisa Jackson and Fiat-Chrysler CEO Sergio Marchionne.
The only official comment is that the new project is for the exploration and evaluation of “an innovative drivetrain technology for light duty vehicles".
We’ll have to wait until next week’s announcement to learn more, though it may have to do with recent applications to the Energy Department for green funding loans made by Chrysler. The automaker is expected to receive billions of dollars in low interest loans to help make its vehicles more fuel efficient, while simultaneously saving around 10,000 jobs.