| Aisin
Seiki Co., Ltd., DENSO Corporation, Sumitomo Electric Industries, Ltd. and Toyota
Motor Corporation announced today that they plan to jointly establish in July
a shared-technology brake development and sales company. The new company which
will deal in both brake systems and brake parts, will be capitalized at 1 billion
yen, of which 40% will be provided by Aisin, with the other three founding companies
providing 20% each. Aisin will supply the president of the new company.
Giving scope to the individual
specializations and strengths of each partner while integrating their separate
technologies, the aim of the new company will be to enhance the ability to develop
brake systems in a timely and market-responsive fashion, allowing delivery of
world-leading brake systems to the global market.
Please refer to news release
for further information.
News Release(PDF) |
top
of this page