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Published 1 year ago

Cars Volkswagen Published by J. Doe

SITECH and Brose planning to set up a global system supplier for complete seats

Thomas Schmall, Chairman of the Volkswagen Group Components Brand Board of Management, said: E-mobility and, above all, autonomous driving create new challenges for us as an automaker – also in the area of seat manufacturing in particular. The interior of the future will be a newly defined environment where flexibility and personalisation will be just as important as comfort and safety. The new joint venture will be able to perfectly address such needs. As part of the new joint venture, SITECH will become a global player.

Daniela Cavallo, Vice Chairwoman of the Group Works Council at Volkswagen AG and member of the SITECH Supervisory Board, said: “The Works Council has won approval of a number of measures designed to protect the interests of workers at the German plants of SITECH Sitztechnik GmbH. These include a job guarantee that runs through 2029, a shared factory-utilization goal and the safeguarding of the strong co-determination rights of employees at SITECH’s locations in Germany for the joint venture. We have gotten to know our future partner Brose as an innovative family-run company that, like we at Volkswagen, is clearly focused on technology and the long-term future. The joint venture with Brose will strengthen both sides and position the new unit for future success. This new combined strength will create the basis for a highly competitive company and job security.”

Michael Stoschek, Chairman of the Brose Group, said: The owners of Brose believe deeply in the joint venture’s capabilities and potential. This is why we unanimously decided to continue negotiations about an alliance. I am confident that Volkswagen and Brose will lay a strong foundation for the joint venture, a company that will assume a leading position in the highly competitive market for vehicle seats. As competitive partner, the joint venture will supply the Volkswagen Group and set out to win contracts from other automakers.

Original article

Jul 16, 2020 at 23:11

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