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Feb 7, 2017, 4:43 am182 ptsGreen Car Congress
France-based Valeo has signed an agreement with its long-standing South Korean partner Pyeong Hwa Group to create a 50/50 joint venture for transmissions; the new company will be called Valeo-Kapec. The partners intend for Valeo-Kapec to become the world leader in torque converters and CVTs. Each partner will…
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