WABCO, Nexteer Automotive sign long-term cooperation agreement
WABCO Holdings Inc. has signed a long-term cooperation agreement with Nexteer Automotive. The two companies will collaborate to develop and supply active steering systems for medium- and heavy-duty commercial vehicles using Nexteer’s advanced steering technology, MagnaSteer Actuation. WABCO also recently signed an agreement to acquire Sheppard, subject to customary U.S. regulatory clearance. The acquisition is
