Continental Teves and Piston Automotive have announced the formation of Piston
Modules, a joint venture to assemble and sequence vehicle modules.
It will occupy a 30,000 square foot area of Piston Automotive’s Michigan Avenue
factory in Detroit.
The $US10 million joint venture will assemble brake corner modules for several
General Motors luxury car lines though Piston Modules is looking for additional
business from other North American vehicle makers.
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Piston Modules will be 51 percent owned by Piston Automotive and 49 percent
by Continental Teves N.A.
The joint venture will initially create 100 manufacturing jobs, more than doubling
employment in the next year.
Construction has started and is scheduled for an autumn completion.
Piston Modules has already secured contracts worth $200 million.
Brake corner modules are pre-assembled brake systems that offer vehicle makers
simplified logistics and potential cost savings compared to traditional brake
systems.
The modules integrate multiple components for cost, weight and quality improvements.
Complete corners consist of the steering knuckle, wheel bearing, hub, brake
disc and caliper, ABS sensor, wiring and covers and are installed as a single
unit directly on to the axle.
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