Mahindra, Ford Announce Joint Venture To Drive Growth In India And Emerging Markets
The partnership will allow Ford and Mahindra to offer new product to customers faster than before and will deliver profitable growth to both companies.
Aptiv And Hyundai Motor Group To Form Autonomous Driving Joint Venture
This new joint venture will focus on advancing the development of production-ready autonomous driving systems for commercialization of Level 4 and 5 self-driving technologies. Aptiv and Hyundai Motor Group’s combined contributions total $4 billion, with each owning 50 percent stake in the joint venture.
Nidec Forms Joint Venture With Subsidiary Of China-Based Guangzhou Automobile Group
As the trend of car electrification intensifies, the automotive motor market, strategically important for Nidec, is forecast to double its size – to 6 trillion yen – in 2030.
DENSO Establishes Joint Venture To Offer Aftermarket Products And Services In South Africa
South Africa has one of the largest economies in Africa, and car ownership is the highest in the region.
DENSO And Toyota Establish Joint Venture For Research And Advanced Development Of Next-Generation, In-Vehicle Semiconductors
The two companies will study the details and aim to establish the new company in April 2020.
BorgWarner Announces New Battery Pack Joint Venture
The company has agreed to form joint venture with Romeo Power Technology, a technology-leading battery module and pack supplier.
FCA And GAC Strengthen China Joint Venture
GAC FCA and GAC FCA Sales Company will be operated jointly as a single overall joint venture led by executives from both shareholder companies. In addition, the corporate functions of the two companies will be consolidated.
Vast-Auto Distribution To Form Joint Venture With L’Entrepôt Pièces d’Autos In Montreal
Upon completion of the transaction, four store locations, including L’entrepôt pièces d’autos Sainte- Thérèse, Auto Value Sainte-Thérèse, Auto Value Blainville and Auto Value Prévost, will operate as a combined business unit under the Auto Value brand.
Dongfeng And Maxion Wheels Form Aluminum Wheel Joint Venture
This new joint venture company, Dongfeng Maxion Wheels, will serve Chinese OEM demand for aluminum wheels.
GAC Completes First Phase Of Construction At New ‘Energy Intelligent’ Factory; Kicks Off Joint Venture Project With Aisin AW
In April, GAC Motor and Aisin AW signed an in-depth cooperation agreement to open their new joint venture. An investment of RMB 2.13 billion ($310 million US) will pour into the project and its first product will go into production by the end of 2020, aiming to achieve annual production capacity of 400,000 AT units.
