Cooperation in the area of steering gear and steering systems

  • Date
    6 October 2003
  • Description
    DaimlerChrysler and ThyssenKrupp Automotive agree to cooperate in future in the field of steering gears and complete steering systems for motor vehicles. ThyssenKrupp Automotive is to acquire 60 % of Mercedes-Benz Lenkungen GmbH, Düsseldorf, in a first step. The second step, the acquisition of a further 40 %, is scheduled to take place in two years at the earliest.