GERMANY: Knorr-Bremse launches joint venture with Tata Autocomp Systems
The Frankfurter Allgemeine Zeitung reports that Knorr-Bremse, the German braking systems company, and Tata Autocomp Systems, the Indian automotive component group, have formed a joint venture. The German group is reported to hold a 70 per cent stake in the new company.
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