ITALY: DaimlerChrysler and Brembo form brake joint venture – report
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.
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.
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.
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