Nidec Forms Joint Venture For Electric Motors With PSA
By Mark Kane PSA Group and Nidec completed the establishment of a joint venture for automotive electric traction motors, announced first back in December. The new company is named Nidec PSA emotors and both partners own 50% (Nidec Leroy-Somer Holding: 50%, PSA Automobiles SA: 50%). Nidec PSA emotors begins with 40 employees at …read more
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