Anderson, IN-based Delco Remy International Inc. and Japan’s Hitachi Ltd. Have announced forming a joint venture, Hitachi Remy Automotive GmbH. To be headquartered in Zug Switzerland, the operation will serve as the “foundation for a global partnership” to develop, produce and market starting motors in North America and Europe.
According to the companies, Delco Remy and Hitachi will share their starter/alternator technologies and jointly introduce products through their existing manufacturing operations and sales organizations. Manufacturing to support the joint venture is slated to commence next year in both Mexico and Poland.
“This partnership will combine two market leaders with reputations for strong business strategies, leading technologies, quality performance, competitive value and consistent sales growth,” said Delco Remy president & CEO Thomas J. Snyder. “We are confident this venture will help both of our companies serve customers with new technologies, and more efficient production and distribution capabilities.”
