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JOINT VENTURE: Volkswagen’s subsidiary SITECH, Brose sign MOU to form JV for complete seat systems

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Joint-ventures

The partners aim to sign the final agreement for the JV by the end of 2020

SITECH, a subsidiary of the Volkswagen Group (VW), and Brose have agreed to establish a 50:50 joint venture (JV) to produce complete seats, seat structures and seat components, the two partners said in a joint press release on 13 July.

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