Fiat Chrysler Signs Deal to Help Flying-Taxi Start-Up Archer

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Fiat Chrysler Automobiles (NYSE: FCAU) and air-mobility start-up Archer said today that they are teaming up to accelerate the development and launch of Archer’s electric air taxi. 

The deal will give the California-based start-up access to Fiat Chrysler’s supply chain, experience with composite materials, and engineering and design expertise. 

The companies didn’t share the financial terms of their deal. 

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