Breed Technologies Inc. and Siemens Automotive will dissolve their restraint systems joint venture by mid-October, ending a painful relationship that lays bare the difficulties and risks of supplier mergers and acquisitions. While Breed navigates its way through bankruptcy court (see Ward's Automotive Reports — Sept. 27, '99, p.5), Siemens considers finding a new partner with which to develop complete safety systems. The companies agreed to dissolve the venture because Breed could no ...
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