I.DE.A. Institute of Italy and Invenio Engineering Services of Germany have formed a strategic alliance to offer automakers 'turnkey' vehicle engineering.
I.DE.A. Institute is active in design and body engineering. Invenio specializes in powertrain engineering.
The alliance will target mostly Italian and German carmakers, but will also aim to win new engineering contracts in emerging markets such as India and China.
- Luca Ciferri
Ricardo will expand its US subsidiary's headquarters in Van Buren Township, Michigan.
A new building will give Ricardo more than 10,000 square meters of offices and technical workshops on the site near Detroit.
This follows two other US expansion projects by Ricardo in the past year. In December, it launched a vehicle test center in Milan, Michigan. Ricardo also invested almost $2 million (E2.2 million) at the Chicago Technical Center, its North American center for heavy-duty trucks.
- Chris Wright