“The motion control venture will accelerate Nexteer and Continental’s advancements in automated driving and achieve robust vehicle dynamics and safety. To that end, this team will work on braking and steering systems integration, enhanced by-wire development as well as create common safety architectures and strategies for redundant, operationally safe systems,” said Frank Lubischer, Senior Vice President of Global Engineering, Chief Technology Officer and Chief Strategy Officer for Nexteer Automotive.
Nexteer and Continental will hold an equal 50-50 percent ownership position in the joint venture. The joint venture will focus on R&D activities including rapid evaluation, design and prototyping. Capitalizing on Nexteer and Continental’s history of innovation and leadership in the automotive industry, the joint venture will combine global resources and expertise and focus on enhancing the development of advanced motion control systems and components for automated driving.
“This arrangement will create a way for both of our companies to collaborate on integrating state-of-the-art electronic brake and steering systems to achieve ideal vehicle dynamics and safety, as well as increasing value for our shareholders,” Lubischer said.
Initially, the venture will employ team members leveraging existing technical talent from both Nexteer and Continental with plans for future growth. Pending regulatory approvals, it is expected that this project will be operational in the first quarter of 2017.
“We look forward to a collaboration which will develop breakthrough ideas to further develop systems that will improve safety as we look toward the future of automated driving,” Jourdan said.
Continental develops intelligent technologies for transporting people and their goods. As a reliable partner, the international automotive supplier, tire manufacturer, and industrial partner provides sustainable, safe, comfortable, individual, and affordable solutions. In 2016, the corporation generated preliminary sales of around €40.5 billion with its five divisions, Chassis & Safety, Interior, Powertrain, Tire, and ContiTech. Continental currently employs more than 220,000 people in 55 countries.
Nexteer Automotive – A Leader in Intuitive Motion Control – is a multi-billion dollar global steering and driveline business delivering electric and hydraulic power steering systems, steering columns, driveline systems as well as advanced driver assistance systems (ADAS) and automated driving technologies for original equipment manufacturers. The company’s global workforce of over 13,000 serves more than 50 customers in every major region of the world. The company has 24 manufacturing plants, five regional engineering centers and 11 customer service centers strategically located in North and South America, Europe and Asia. Nexteer Automotive’s customers include BMW, Fiat Chrysler, Ford, GM, PSA Group, Toyota, and VW, as well as automakers in India and China. www.nexteer.com