Brose Fahrzeugteile

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.

Hyundai Transys has signed a preliminary agreement with Brose Fahrzeugteile to collaborate on developing advanced lightweight seating materials and smart seats for future vehicle models, initially for electric vehicles and from 2024 for autonomous vehicles.

FlexQube received two orders worth $360,000 to supply modular carts and racks for two new automotive supplier plants opening in Queretaro, Mexico in 2018: one from Brose ($220,000) and one from an unnamed German supplier ($140,000).

Brose North America plans to invest $105 million over five years at its Auburn Hills headquarters and New Boston manufacturing plant, adding 300 jobs. The expansion is driven by new contracts with automakers.