DVN Interior reported in 2020 that Volkswagen’s Sitec subsidiary and Brose had created a joint venture devoted to complete seats, seat structures, and seat components. Sitec became part of the joint venture. Brose and VW each holding a 50-per-cent stake in the company. Now, including the Brose Sitec JV, the company employs 31,000 people at…
Sitec JV Boosts Brose Sales, Profit Still to Grow
