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Hyundai, Cisco to Develop Car Tech

Hyundai, Cisco to Develop  Car Tech Hyundai, Cisco to Develop  Car Tech

Hyundai Motor said it will partner with Cisco Systems to develop Internet-connected car technology, part of the automaker's push to develop "high-performing computers on wheels". Auto and tech firms are increasingly forming alliances to expand services that hook cars up to Internet, particularly as the race to develop self-driving cars heats up, according to Reuters. Hyundai Vice Chairman Chung Eui-sun met Cisco Chief Executive Chuck Robbins in Seoul and agreed to co-develop in-vehicle network technology for high-speed transfer of large amounts of data. "The cooperation is part of Hyundai Motor's wider strategy to establish an industry-leading connected car platform through collaboration with leading technology partners," it said in a statement. Other alliances include Toyota Motor Corp's expansion this month of a five-year-old partnership with Microsoft Corp to develop new Internet-connected vehicle services for owners and dealers.

 

Financialtribune.com