November 30, 2020

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Joint Venture

Groupe PSA and Punch Powertrain expand strategic partnership in electrification agreement with second joint venture
Groupe PSA and Punch Powertrain expand strategic partnership in electrification agreement with second joint venture

Groupe PSA (Paris:UG) and Punch Powertrain have signed an agreement to establish a second joint venture and expand their strategic partnership in the field of electrification. Punch Powertrain holds majority control (61%) in the new joint venture, which will design, manufacture, and supply Punch Powertrain’s breakthrough DT22 dual clutch transmission for the industry’s next generation […]

June 5, 2020
Magna signs its first complete vehicle manufacturing joint venture in China 
Magna signs its first complete vehicle manufacturing joint venture in China 

Canada’s Magna International Inc. and China’s BAIC Group and the Zhenjiang government celebrated the signing of a framework agreement governing their electric vehicle manufacturing joint venture in Zhenjiang, China, marking another milestone of their continued cooperation. The transaction, which is pending regulatory approval and other closing conditions, is expected to close in the fourth quarter […]

July 31, 2019