Volkswagen and Brose form joint venture Brose Sitech

Volkswagen and Brose formed a 50/50 joint venture called Brose Sitech to develop and produce seat components, complete vehicle seats, and connected interior components. The JV employs 5,200 people at six locations in Germany, Poland, and China, generating EUR 1.4 billion in sales.

“The joint venture concluded between Volkswagen and Brose on 26 March 2021 is of great strategic importance.”prnewswire.com

• 1 source
• prnewswire.comHistoric step for BroseBrose North AmericaApr 12, 2021

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