Daimler and Bosch setup electric-motor joint venture for future electric-cars
Daimler AG announced that Robert Bosch GmbH have signed an agreement to establish a 50:50 joint venture for electric-motors. The venture, which is still subject to approval by antitrust authorities, is to be set up under the name EM-motive GmbH. EM-motive GmbH will develop and produce innovative electric-motors for future Mercedes-Benz and Smart vehicles. The joint [...]
