Daimler and Bosch sign agreements for electric motors joint venture

Daimler AG and Robert Bosch GmbH have completed their negotiations and signed agreements on the establishment of a 50:50 joint venture for electric motors. These agreements are still subject to the approval of the antitrust authorities. The new company, which is to be set up under the name EM-motive GmbH, will develop and produce innovative electric motors – also known as traction motors – for