Volkswagen and NSK Cooperation Agreement on EPS
Resource from: NSK Likes:191
Jun 10,2019
NSK Ltd. (NSK; Headquarters: Tokyo, Japan; President & CEO: Toshihiro Uchiyama) and Volkswagen AG (VW; Headquarters: Wolfsburg, Germany) have announced today a formal cooperation agreement between the two companies' steering divisions with the aim to further increase the power of innovation in steering. Both companies have agreed on in-depth development cooperation.
(from left) Thomas Schmall, Dr. Stefan Sommer, and Masatada Fumoto
The cooperation agreement with NSK as one of the world's leading manufacturers of steering systems is a meaningful step to strategically expand our international development and production and to further strengthen our innovative strength in the chassis business.
Volkswagen Group Components has been a steering specialist for many years. The in-depth development cooperation enables us to make intensive use of the know-how of both partners and thus to further advance future products.
The cooperation agreement with Volkswagen is strategically significant to further expand our product portfolio and global production. The two parties complement each other in many areas, and we will continue to strengthen our relationship as we drive for future innovation.
NSK started its journey manufacturing the first bearings in Japan in 1916, and has since developed into a global organization researching, designing, and manufacturing Motion & Control™ solutions supporting essential mobility and industry applications.
NSK is currently the top supplier of bearings in Japan, and is the third largest supplier in the world by market share. We are also a world leader in electric power steering and ball screw manufacturing and technology.
Our responsive products and technologies, including a diverse range of solutions for precision machining, are used to enhance automotive performance and industrial productivity while reducing energy consumption to unprecedented low levels.
In the early 1960s we set our sights outside Japan, and to date, have established business sites across 30 countries.
Comment from Dr. Stefan Sommer, Board of Management of Volkswagen AG
Comment from Thomas Schmall, CEO of Volkswagen Group Components
Comment from EVP Masatada Fumoto, Head of NSK's Steering and Actuator Division Headquarters
(NSK)
【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
Previous RBC Bearings Incorp (ROLL) Directional Signal Stands at Buy
Next Timken Is Moving the World Forward in 2019
Next Timken Is Moving the World Forward in 2019
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
