India: Continental takes full ownership of Rico JV

Continental has acquired Rico’s 50% share in the joint venture Continental Rico Hydraulic Brakes India, giving it full ownership of the subsidiary. The venture, based in Gurgaon near New Delhi, began operations in 2009. It makes components for hydraulic brake systems, which it supplies to OEMs in India. “India plays an Subscribe to Automotive World … Continued

• By Webmaster
• March 9, 2012