Groupe PSA and Punch Powertrain Expand Strategic Partnership in Electrification

POISSY, France & SINT-TRUIDEN, Belgium--(BUSINESS WIRE)--Regulatory News: Groupe PSA (Paris:UG) and Punch Powertrain have signed an agreement to establish a second Joint Venture and expand their strategic partnership in the field of electrification, to contribute to fight against climate change. Punch Powertrain holds majority control in the new Joint 61/39 Venture, which will design, manufacture, and supply Punch Powertrain’s breakthrough DT22 dual clutch transmission for the industry’s next g