Mexican Media Brands
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
Share
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
-
TRW Multi-Axis Acceleration Sensors Developed
Admittedly, this appears to be nothing more than a plastic molded part with an inserted bolt-shaped metal component.
-
Honda Re-Imagines and Re-Engineers the Ridgeline
When Honda announced the first-generation Ridgeline in 2005, it opened the press release describing the vehicle: “The Honda Ridgeline re-defines what a truck can be with its true half-ton bed payload capability, an interior similar to a full-size truck and the exterior length of a compact truck.” And all that said, people simply couldn’t get over the way there is a diagonal piece, a sail-shaped buttress, between the cab and the box.
-
Mercedes-Benz Sprinter 2500 Passenger Van
It is hard to describe how large—more precisely, long and spacious—the Sprinter Passenger Van is in a meaningful way.