WORLD NEWS & ANALYSIS
MTU Plans U.S. Unit, Opens Volvo, Fiat Talks
MUNICH PARIS German engine manufacturer MTU has decided to set up a new subsidiary in the U.S. as part of a plan to reinforce ties with its strategic partner, Pratt & Whitney. The new affiliate, to be called MTU Aero Engine Design and based close to P&W’s headquarters in East Hartford, Conn., will serve to streamline engineering processes in the numerous programs in which the two firms cooperate, and to develop and design certain engine components.
By JENS FLOTTAU,MICHAEL A. TAVERNA3 min