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Stellantis Buys All of the Punch Powertrain JV
Stellantis (NYSE:STLA) announced today that it has acquired all the shares in the joint venture created in 2018 with the Belgian multinational Punch Powertrain, an original equipment maker of transmission and propulsion systems in the automotive sector. In the complex world of global automakers, the JV worked in the plants at Metz (FR) and Turin, at the Mirafiori complex (IT), where the advanced eDCT (Electrified Dual Clutch Transmission) gearboxes are produced. They will be seen in the entire Stellantis range of Mild Hybrid (MHEV) vehicles and the new generation of Plug-in (PHEV) vehicles.
“With this decision, Stellantis assumes full management of the design and production activities of the eDCT transmissions, characterized by class leading performance in terms of weight and production cost, fuel savings and reductions in harmful emissions,” the muti-national auto maker said in a release. Continue reading →