Groupe PSA, the second largest car manufacturer in Europe has announced a joint venture with Nidec, the leading comprehensive motor manufacturer, to create “Nidec-PSA emotors”. Carlos Tavares, Chief Executive Officer of Groupe PSA and MM Shigenobu Nagamori, Chief Executive Officer of Nidec, endorsed today the establishment of the new project dedicated to the design, development, manufacture and sale of electric traction motors.