Schaeffler acquires drive-by-wire tech, sets up JV with Paravan

Joint venture to acquire Space Drive drive-by-wire technology from Paravan and Mover activities from Schaeffler

13 Aug 2018 | 5238 Views | By Autocar Pro News Desk

The Schaeffler Group in association with Roland Arnold and Paravan GmbH, which designs, develops and manufactures vehicles for the disabled,  have inked a pact for the formation of a joint venture company. The JV, which will be called Schaeffler Paravan Technologie GmbH, is the further development of Paravan’s Space Drive drive-by-wire technology ...

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