Seoul, Nov. 27 -- Hyundai Motor and Kia have teamed up with global tyre maker Michelin to build next-generation tYres that aim to improve driving performance, fuel efficiency and safety, according to a report by Pulse, the English service of Maeil Business News Korea.

As per the report, Hyundai Motor and Kia under Hyundai Motor Group signed a memorandum of understanding at Hyundai Motor Group's Namyang research center in Hwaseong, Gyeonggi Province. The agreement sets up a three-year plan starting next year for joint work on new tyre technologies. Their main goal is to lower rolling resistance to help cars use less fuel and to improve handling and braking so vehicles can respond better while driving.

Hyundai Motor Group and Michelin ear...