"Engineering teams from GM and Ford have already started initial design work on these new transmissions," said Jim Lanzon, GM vice president of global transmission engineering. "We expect these new transmissions to raise the standard of technology, performance and quality for our customers while helping drive fuel economy improvements into both companies' future product portfolios."
The new agreement marks the third collaboration between the two manufacturers in the past decade. Ford and General Motors have already developed six-speed automatics together.
Further details and vehicle application for the new transmissions will be released before the products will be launched.