7.6.2019. The Volkswagen group component has concluded a cooperation agreement with the Japanese steering systems manufacturer NSK. Both companies decided to a more in-depth development cooperation.
The aim of the partnership is to increase the level of innovation in the field of steering system and more. The agreement of the Board of management of Volkswagen AG, Dr. Stefan Sommer, the Chairman of the Board of Volkswagen Group Components, Thomas Schmall, and Masatada Fumoto, Chief Executive Officer of NSK Europe signed.
Dr. Stefan Sommer, member of the Board of management of Volkswagen AG: “The cooperation agreement with NSK, one of the world’s leading manufacturer of steering systems, is a useful step to our international development and manufacturing to strategically expand and strengthen our power of innovation in the field of chassis.”
Thomas Schmall, CEO of Volkswagen Group Components: “The component is for many years within the group, the specialist for steering systems. The in-depth development of cooperation allows us to use the Know-how of both partners intensively and to bring future products forward.“
Masatada Fumoto, Executive VP, Head of Automotive Steering & Actuator Division: “The cooperation agreement with Volkswagen is strategically important for us to expand our product portfolio and our global production. As a Partner of Volkswagen and NSK are complementary in many areas. This good cooperation we want to continue to strengthen as a common driver of innovations for the Future.“