Seems like a win win for both parties involved. I understand that the gov't also put some money in the program as well as Chrysler.
Nonetheless it gives credibility to McMaster Engineering Dept. that a major car company has partnered with them for future electrified vehicle development.
Seems like a great learning opportunity for engineering students with an interest in the vehicle sector and may sway some admissions to the University.
Some students may segue a job with Chrysler.