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Veoneer completes divestiture of Japan and China operations of Brake system JV

VNBS, which designs, develops and produces brake control and brake actuation systems for the global light vehicle market, had started operations on April 1, 2016 with manufacturing facilities in Japan, China and the USA.

03 Feb 2020 | 8008 Views | By Autocar Professional Bureau

Veoneer Inc, the world’s largest pure-play company focused on Advanced Driving Assistance Systems and Automated Driving, has completed the sale of its 51% ownership in the Japanese (VNBJ) and Chinese (VNBZ) entities that comprise Veoneer Nissin Brake Systems (VNBS) to its joint venture partner Nissin-Kogyo Co and Honda Motor Co.

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Tags: Veoneer,Nissin-Kogyo Co,Honda Motor Co,Advanced Driving Assistance Systems,automated driving

Veoneer completes divestiture of Japan and China operations of Brake system JV

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