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Fras-le and Federal-Mogul have signed an agreement to create a joint venture named Jurid do Brasil Sistemas Automotivos Ltda., headquartered in Sorocaba, Brazil, to supply premium brake products to automakers and the aftermarket in Brazil and South America. The agreement is subject to regulatory approval.
“A Fras-le e a Federal-Mogul assinaram acordo a fim de criar uma joint venture para fornecimento de produtos de freio premium a montadoras e mercado de reposição de veículos leves no Brasil e América do Sul.”automotivebusiness.com.br
Summarized from public sources; check the original articles before acting on it.