February 7, 2012
US company Dana Corporation and Bosch Rexroth of Germany expect to form a 50-50 joint venture to codevelop and manufacture advanced drive transmissions for the offhighway market. A memorandum of understanding to this effect was signed by the two companies. Dana is a leader in the supply of axles, driveshafts, offhighway transmissions, sealing and thermal-management products, and genuine service parts, while Bosch Rexroth is a leading specialist in the field of drive and control technologies.