NEW YORK (CNNMoney.com) -- Chrysler announced Tuesday it has entered a three year agreement with NASA to share information on technology the automaker and space program have in common.
The Auburn Hills, Mich.-based car company, which emerged from bankruptcy nearly a year ago, said it plans to collaborate with NASA on several areas including materials engineering, robotics, radar, battery systems and other energy storage mediums.
"This is a great opportunity to share knowledge and data in areas where both Chrysler Group and NASA have a vested interest," said Scott Kunselman, senior vice president of Chrysler Engineering, in a statement.
Chrysler, which makes the Jeep Wrangler and Dodge Ram, said it has a history of working with the National Aeronautics and Space Administration.
For example, the company said it built rockets for the Mercury Project, which put the first American in space in 1961. Chrysler said it subsequently built boosters for the first two Apollo spacecraft.
The announcement comes as Chrysler and its Detroit counterparts look to reinvent the American automotive industry following a period of steep declines in auto sales.
In June 2009, Chrysler sold most of its assets to Italian automaker Fiat as part of a plan to exit bankruptcy protection. The two companies have since been working together to produce a line of economy cars.
The agreement announced Tuesday marks the second time NASA engineers have been called upon to provide technical expertise on automobile technology.
Transportation Secretary Ray LaHood announced late last month that NASA engineers will provide technical assistance to help federal regulators uncover whether electronic defects are to blame for unintended acceleration in Toyota vehicles.
Wells Fargo is the posterchild for misbehaving banks these days. But it's already pushing the incoming Trump administration for less scrutiny on the industry. More
U.S. businesses now expect to hire more workers and sell more stuff in the next six months because executives are optimistic about Trump's agenda. More
In 1998, Ntsiki Biyela won a scholarship to study wine making. Now she's about to launch her own brand. More
At least 398 colleges have food pantries on campus to serve students. The hunger problem is beyond a few sad stories. More