Volkswagen and NSK to collaborate on electric power steering

Jun 10, 2019   Technology

NSK and Volkswagen have announced a formal cooperation agreement between the two companies' steering divisions; the companies have agreed on in-depth development cooperation.

Dr. Stefan Sommer, Board of Management of Volkswagen AG said, "The cooperation agreement with NSK as one of the world's leading manufacturers of steering systems is a meaningful step to strategically expand our international development and production and to further strengthen our innovative strength in the chassis business."

Thomas Schmall, CEO of Volkswagen Group Components added: "Volkswagen Group Components has been a steering specialist for many years. The in-depth development cooperation enables us to make intensive use of the know-how of both partners and thus to further advance future products."

Executive Vice-President, Masatada Fumoto, Head of NSK's Steering and Actuator Division Headquarters said, "The cooperation agreement with Volkswagen is strategically significant to further expand our product portfolio and global production. The two parties complement each other in many areas, and we will continue to strengthen our relationship as we drive for future innovation."

(pictured, from left) Thomas Schmall, Dr. Stefan Sommer, and Masatada Fumoto

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