Brose Group and Volkswagen form joint venture for vehicle seats

Brose Group and Volkswagen have signed a joint venture agreement to develop and manufacture seats and vehicle interior solutions. Brose will acquire half of Volkswagen's subsidiary SITECH, with each holding 50% stake. The transaction is expected to complete by year-end 2021.

“Brose Group and Volkswagen inked a joint venture to develop and manufacture seats, seat structures and components along with vehicle interior solutions.”autocarpro.in

• 1 source
• autocarpro.inBrose Group and Volkswagen ink JV for vehicle seats | Autocar ProfessionalAutocar Professional BureauMar 26, 2021

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