Austria’s AVL Holding GmbH signs a letter of intent to acquire NTC Powertrain operations in Australia, the U.S. and U.K. NTC, which is credited for helping develop BorgWarner Inc.’s DualTronic technology, will be folded into AVL’s Passenger Car Transmission Div. The engineering specialist says it has developed more than 12 dual-clutch transmissions and five automatics that currently are in various stages ...
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