Mar. 21, 2018
Notification on Conclusion of a License Agreement with PSA Regarding Production of Automatic Transmissions
This notification is to announce that Aisin AW concluded a license agreement regarding production of automatic transmissions (AT) with PSA Automobiles S. A. (PSA) on March 21 as follows:
Outline of Agreement
• Aisin AW will grant to PSA a license to manufacture FWD 6-speed automatic transmissions.
• The license will apply to the FWD 6-speed AT developed by Aisin AW, to be mounted on vehicles produced by PSA.
• An annual production of 300,000 units at the PSA Valenciennes Plant, which is currently manufacturing transmissions, is planned.
Date Agreement Concluded
March 21, 2018 (France Time)