Nexteer, Dongfeng form JV for electric power steering systems
JV plant to be located in China
Nexteer Automotive and Dongfeng Motor Parts and Components Group have agreed to form a 50:50 joint venture (JV) in China to supply electric power steering (EPS) systems to Dongfeng Motor Group and its alliances with foreign carmakers, Nexteer announced in a press release yesterday (10 April).
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