GERMANY: AVL Holding to acquire NTC Powertrain
Author: just-auto.com editorial team | 1 September 2010
Powertrain development specialist AVL Holding has signed a letter of intent to acquire NTC Powertrain Australia, USA and UK. NTC has vast experience in the development of transmissions for the high volume passenger car market and will form a key part of AVL's passenger car transmission division, AVL said.
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