Autoliv, Nissin Kogyo Form Global Brake System Venture
Autoliv Inc. and Japan's Nissin Kogyo Co. Ltd. have agreed to launch an international joint venture to develop next-generation electronic braking systems for light-duty vehicles.
#electronics
Autoliv Inc. and Japan's Nissin Kogyo Co. Ltd. have agreed to launch an international joint venture to develop next-generation electronic braking systems for light-duty vehicles. The partners expect to launch the company in early 2016.
The unnamed $545 million venture will be managed and 51% owned by Autoliv. Nissin Kogyo, a producer of high-performance brake systems for cars and motorcycles, will transfer its 33.2 billion yen ($274 million) automotive brake business to the new company. Autoliv will contribute its electronic brake control expertise.
The partners say the venture will focus on integrating active and passive braking technology for tomorrow's self-driving vehicles. The new company will employ about 2,000 workers and operate three engineering facilities, two test tracks and several production plants in Japan, China and the U.S.
The venture is expected to generate first-year revenue of about $600 million, according to the partners.
RELATED CONTENT
-
All About the 2018 Honda Accord
The common wisdom seems to be that midsize cars have pretty much had it in the U.S. new car market.
-
What the VW ID. BUGGY Indicates
Volkswagen will be presenting a concept, the ID. BUGGY, a contemporary take on a dune buggy, based on the MEB electric platform that the company will be using for a wide array of production vehicles, at the International Geneva Motor Show.
-
2019 Honda Insight
One of the things that rarely gets the amount of attention that it should in a typical “car review” is the fact that for a considerable amount of time drivers are not “getting on the throttle” because for a considerable number of drivers, they’re “dwelling on the binders,” a.k.a., sitting with their foot depressed on the brakes, perhaps lifting every now and then in order to nudge forward in traffic.