Veoneer To Divest Japan And China Brake System Joint Venture Operations
The termination of the VNBS joint venture and the divestiture of the Japanese and Chinese entities are part of Veoneer’s previously announced market adjustment initiatives which are aimed at focusing Veoneer on its core businesses and providing an effective cost structure to address the current market and business situation in the company.
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.
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.
Faurecia And Michelin To Create A Global Leader In Hydrogen Mobility
Symbio, a Faurecia Michelin Hydrogen Company, will be owned equally by the two companies.
