Hyundai Motor, Cisco to team up on Internet-connected car technology

The Cisco Systems logo is seen as part of a display at the Microsoft Ignite technology conference in Chicago, Illinois, May 4, 2015. REUTERS/Jim Young

SEOUL (Reuters) - Hyundai Motor said on Tuesday that 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. Hyundai said 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. (Reporting by Hyunjoo Jin; Editing by Edwina Gibbs)

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