The new firm should be operational by Q3 2020.
Groupe PSA and Punch Powertrain signed an agreement to establish a second Joint Venture and expand their strategic electrification partnership, to contribute to fight against climate change. (Groupe PSA Q1 2020 Revenue -15% at €15.2 Billion, PSA Group – Lease New Plug-In Hybrid and EVs at Free2move, Mobility Roll of the Die – FCA and PSA Merger)
Punch Powertrain holds majority control (61/39) in the new Joint Venture, which will design, manufacture, and supply Punch Powertrain’s DT2 dual clutch transmission for the next generation of mild hybrid electric (MHEV) and plug-in hybrid electric (PHEV) vehicles.
Punch Powertrain will contribute its DT2-related business unit, including engineering, manufacturing, and support functions to the new entity which is expected to be operational by the third quarter 2020. Punch Powertrain will also transfer its current DT2- related facilities in Sint-Truiden, Belgium, and Eindhoven, the Netherlands. In turn, Groupe PSA will make a cash investment in the Joint Venture.
The business will initially supply Groupe PSA’s global operations, but aims to supply other vehicle manufacturers worldwide. The Joint Venture agreement is subject to customary regulatory approvals.
In April 2019 Groupe PSA and Punch Powertrain originally signed an agreement to establish their first Joint Venture “Punch Powertrain PSA e-transmissions assembly.” This Joint Venture will assemble the future generation of electrified transmissions (e-DCT) at Groupe PSA ’s facility in Metz, France, starting in 2022. This breakthrough transmission will equip Groupe PSA’s next generation of hybrid vehicles.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
Groupe PSA, Punch Powertrain Expand EV JV
The new firm should be operational by Q3 2020.
Groupe PSA and Punch Powertrain signed an agreement to establish a second Joint Venture and expand their strategic electrification partnership, to contribute to fight against climate change. (Groupe PSA Q1 2020 Revenue -15% at €15.2 Billion, PSA Group – Lease New Plug-In Hybrid and EVs at Free2move, Mobility Roll of the Die – FCA and PSA Merger)
Punch Powertrain holds majority control (61/39) in the new Joint Venture, which will design, manufacture, and supply Punch Powertrain’s DT2 dual clutch transmission for the next generation of mild hybrid electric (MHEV) and plug-in hybrid electric (PHEV) vehicles.
Punch Powertrain will contribute its DT2-related business unit, including engineering, manufacturing, and support functions to the new entity which is expected to be operational by the third quarter 2020. Punch Powertrain will also transfer its current DT2- related facilities in Sint-Truiden, Belgium, and Eindhoven, the Netherlands. In turn, Groupe PSA will make a cash investment in the Joint Venture.
The business will initially supply Groupe PSA’s global operations, but aims to supply other vehicle manufacturers worldwide. The Joint Venture agreement is subject to customary regulatory approvals.
In April 2019 Groupe PSA and Punch Powertrain originally signed an agreement to establish their first Joint Venture “Punch Powertrain PSA e-transmissions assembly.” This Joint Venture will assemble the future generation of electrified transmissions (e-DCT) at Groupe PSA ’s facility in Metz, France, starting in 2022. This breakthrough transmission will equip Groupe PSA’s next generation of hybrid vehicles.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.