Daimler, the company behind Mercedes-Benz and Smart, has signed an agreement with Robert Bosch GmbH for a joint 50:50 venture on electric motors.
The agreements, which are still subject to the approval of the anti-trust authorities, will involve the establishment of a new company named EM-motive GmbH, which will develop and produce innovative traction motors for electric vehicles.
Its aim is to accelerate the development of the motors with production expected to commence at the start of 2012.
They will then be used in electric vehicles for both the Mercedes-Benz and Smart brands, starting with the Smart Fortwo Electric Drive, scheduled to go on sale in early 2012.
The new company will have its headquarters and manufacturing facilities in Hildesheim with 100 employees expected to start working for the joint venture in the fourth quarter of this year.
An award-winning journalist and editor, with two decades of experience covering the motor retail industry, and accredited by the Institute of Leadership and Management (ILM) plus the National Council for the Training of Journalist (NCTJ)
As editor of AM since 2016, Tim is responsible for its media content, planning and production across AM's multiple channels, including the website, digital reports, webinars, social media and the editorial content of AM's events, Automotive Management Live and the AM Awards. His focus is on interviewing senior leaders of franchised dealer groups and motor manufacturer national sales companies to examine latest developments in UK motor retail.
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