FCAU - Fiat Chrysler collaborates with electric 'flying car' start-up Archer

Fiat Chrysler ([[FCAU]] +0.0%) collaborates with air mobility company Archer to help reduce purchasing costs and accelerate the launch of an electric “flying car,” more formally known as a vertical take-off and landing (eVTOL) aircraft - CNBC.Archer’s aircraft is expected to carry passengers for 60 miles at speeds of up to 150 mph while producing minimal noise.“Electrification within the transportation sector whether on roads or in the air is the future and with any new and rapidly developing technology, scale is important,” Doug Ostermann, Fiat Chrysler’s head of global business development, said in a statement. “Our partnership with Archer has mutual benefits and will enable innovative, environmentally friendly transportation solutions to be brought to market at an accelerated pace.”Hyundai Motor also previously announced plans to develop electric air taxis with Uber, which sold its flying taxi division to Joby last month.

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Fiat Chrysler collaborates with electric 'flying car' start-up Archer