Italian automotive brake maker Brembo SpA and DaimlerChrysler have agreed to set up a joint venture producing ceramic disc brakes by January, Dow Jones reported.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The joint venture, to be based in Italy, will initially focus on the production of ceramic brakes for high-end cars such as DaimlerChrysler’s Mercedes SLR and Fiat’s Ferrari Enzo, a Brembo spokesman told the news agency.
It will likely develop, produce and sell more components in the future, the two companies said in a statement cited by Dow Jones.
