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ArticlePSA joins forces with Nidec for electric motor production in France
French carmaker Groupe PSA and Japan’s Nidec Corporation have agreed to form a joint venture and invest €220m in ($261m) in electric motor production in France for domestic and global distribution.Nidec makes electric motors through its subsidiary, Nidec Leroy-Somer Holding.In a joint statement, the companies said they would design, manufacture ...