Brembo, Gold Phoenix Create Brake Friction JV
The JV will create the first large-scale Brembo manufacturing facility fully dedicated to producing aftermarket pads.
Sony, Honda Sign JV Agreement for New Mobility Business
The new company, Sony Honda Mobility, Inc., will engage in the sale of EVs and provide services for mobility.
Valvoline Buys Partner’s Interest in VCA Solutions JV
Valvoline says the acquisition of battery distributor VCA Solutions enables a new last-mile delivery platform for Valvoline and an enhanced customer experience for service centers and installers.
Volvo, Momentum Dynamics Team on Wireless Charging
Volvo Cars will be exclusive wireless charging partner in a three-year EV wireless charging pilot program.
Magna, LAN Joint Venture to Assemble Seats in Michigan
The new joint venture will assemble complete seats for Ford, with production expected to start in the second quarter of 2023. More than 390 new jobs to be created.
Faurecia, HELLA Combine to Form FORVIA
HELLA and Faurecia products will continue to be marketed and distributed under their current brands.
Romeo Power Acquires Joint Venture Interest From BorgWarner
Acquiring BorgWarner’s interest in the JV frees the company from restrictions limiting its commercial activities.
China’s GAC, Huawei Working Together To Develop A Smart SUV
GAC and Huawei have worked together in the fields of intelligent connected electric vehicle technology since 2017.
LG, Magna Announce Joint Venture Agreement, Leadership Team
New company to fuse Magna’s and LG’s electric powertrain strengths to accelerate e-drive component development.
Mando To Acquire Mando Hella Electronics
The company expects the acquisition to offer synergies in the autonomous driving business.
Ford, Mahindra End Discussions For Auto Joint Venture
According to the companies, the outcome was driven by fundamental changes in global economic and business conditions.
LG And Magna Enter Joint Venture Agreement
The joint venture will manufacture e-motors, inverters, on-board chargers and related e-drive systems.
