Chrysler Group LLC and NASA have announced a three year alliance that will see the companies swapping notes on cutting edge technologies such as materials engineering and robotics.

The two companies share a history of collaboration. During the 1960s Chrysler built Redstone rockets for the Mercury Project and the boosters which helped put the first two Apollo spacecraft into Earth orbit.

Project teams that include technical specialists from each company have already been set-up, and Chrysler says it has already benefited from shared research on reliable surface navigation sensors.

"The investment in NASA technologies has led to hundreds of applications here on Earth for several decades now, and this collaboration with Chrysler promises to continue that tradition," said Mike Coats, director of NASA's Johnson Space Center in Houston.

Cross-pollination of ideas will also take place in areas such as wireless technology, radar, battery systems and other energy storage mediums. The goal of the non-reimbursable Space Act Agreement agreement is to leverage each organization's skills and expertise in these areas, but we're not likely to see a sub-orbital family car on the market anytime soon.