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Ford, General Motors partner to develop transmissions

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DETROIT (WKZO) -- General Motors and Ford will team up to develop advanced transmissions.

The automakers have announced an agreement to jointly develop advanced nine-speed and ten-speed transmissions, a move that will likely save each company hundreds of millions of dollars.  The companies signed the agreement in the fall and this is the third time GM and Ford have teamed up to develop transmissions in the past decade.

The nine-speed transmissions will be used in front-wheel-drive vehicles and the ten-speed will be used in rear-wheel drive vehicles.

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