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Nidec and Groupe PSA to set-up joint venture for automotive electric traction motor

Nidec Corporation announced that Nidec and Groupe PSA, through Nidec Leroy-Somer Holding, intend to work together in the field of electric traction motor. For this purpose, Nidec Leroy-Somer and Groupe PSA entered into a joint venture agreement. The joint venture will be headquartered in Carrieres sous Poissy, Paris ....

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