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COPYRIGHT 2001 Asia Pulse Pty Ltd
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ANDERSON, July 24 PRNewswire-AsiaNet - Delco Remy International, Inc., and Hitachi, Ltd. (NYSE:HIT), of Japan today announced a joint venture, Hitachi Remy Automotive GmbH, to be headquartered in Zug, Switzerland and established this month.
The initial alliance will be the foundation for a global partnership to develop, manufacture and market automotive starting motors and alternators in European and North American markets. Delco Remy and Hitachi will share their starter/alternator technologies and jointly introduce products to the global market through their existing worldwide manufacturing operations and sales organizations.
The joint venture will commence operations in Europe and North America and initially will supply some of Hitachi and Delco Remy existing customers. The venture will begin joint sales and marketing efforts in the...
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