List of articles tagged: JV

Volkswagen and Suzuki Motor Corporation have reached a common understanding to establish a close longterm strategic partnership. A framework agreement has been signed by representatives of both companies today. 

Mahindra & Mahindra Ltd. and BAE Systems have signed an agreement to create a land systems focused, joint venture defence company, based in India. Approved by the Foreign Investment Promotion Board of the Government of India (GoI) earlier this year, the parent companies' initial investment will beUS$ 21.25 million over a three year period. The company’s equity split will be 74% Mahindra and 26% BAE Systems, in accordance with the current defence sector Foreign Direct Investment regulations of the GoI.

Renault has invited Bajaj to further its participation in the joint venture that will develop the Ultra Low Cost car by giving Bajaj the option to pick up stake in Renault Nissan Automotive India.

Bajaj and Renault are taking one more step towards the ULC, the small car scheduled for launch in 2011. They will sign a JV for the manufacture of the car's engines and transmissions.