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Thyssenkrupp, NSK joint venture talks terminated

Thyssenkrupp, NSK joint venture talks terminated

FILE PHOTO: A general view of the ThyssenKrupp headquarters in Essen, Germany, November 17, 2022. REUTERS/Thilo Schmuelgen/File Photo

12 May 2023 03:19PM

FRANKFURT : Germamy's Thyssenkrupp and Japan's NSK have terminated discussions over a possible automotive joint venture, the companies said on Friday, exactly a year after first unveiling the talks.

NSK, in a results presentation, said it instead signed a joint venture agreement with corporate turnaround fund Japan Industrial Solutions.

Source: Reuters

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