Hyundai Wia announced that it has clinched a 702 billion won ($596 million) deal with European and US automakers to supply constant-velocity joints (CV joints). Hyundai Motor Group's automotive parts manufacturing arm did not disclose the names of the companies, but said that under the deal 55% of the parts will be supplied to eco-friendly vehicles. This is its first major deal with overseas carmakers. CV joints enable a drive shaft to transmit power from the engine at different angles and a constant rotational speed. The auto parts are mostly used in front-wheel drive vehicles.