Veoneer to divest brake system JV operations in Japan and China
Divestiture part of strategic review of Veoneer's brake systems business
Veoneer has inked agreements to sell its 51% stake in the Japanese (VNBJ) and Chinese (VNBZ) entities that comprise Veoneer Nissin Brake Systems (VNBS) to its joint venture (JV) partner Nissin-Kogyo Co., Ltd. and Honda Motor Co., Ltd., according to a company press release.
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