Volkswagen and Brose plan joint venture for complete seats

Volkswagen AG and automotive supplier Brose signed a memorandum of understanding to create a joint venture for complete seats, seat structures and components. Volkswagen subsidiary SITECH will join the JV, with Brose holding a 50% stake.

“Representatives of both companies signed a memorandum of understanding covering the joint venture today in Coburg.”volkswagen-group.com

• 1 source
• volkswagen-group.comSITECH and Brose planning to set up a global system supplier for complete seats | Volkswagen GroupJul 13, 2020

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