Business

GM venture to build North American battery chemical plant

General Motors is forming a joint venture with Posco Chemical of South Korea to build a North American battery materials plant as it brings more steps in the electric vehicle supply chain under its umbrella.

Automotive

Ford unveils venture with chip company to boost supply

Ford announced Thursday a "strategic collaboration" with chip company GlobalFoundries to bolster its supply of semiconductors as the automaker grapples with a global shortage of the crucial components.

Business

Green energy takes hold in unlikely places with Ford project

When Ford revealed plans to ramp up its commitment to the fledgling electric vehicle sector, the automaker chose to create thousands of jobs and pump billions in investments into two states where Republican leaders have vilified ...

Automotive

Ford to add 10,800 jobs making electric vehicles, batteries

Ford and a partner company say they plan to build three major electric-vehicle battery factories and an auto assembly plant by 2025—a dramatic investment in the future of EV technology that will create an estimated 10,800 ...

Business

Shares of Vodafone's India arm in free-fall

Shares in telecoms giant Vodafone's debt-ridden Indian unit fell sharply for a second day Wednesday following reports that its billionaire chairman thought the firm was on the brink of collapse and wanted to sell his stake.

Security

Saudi Aramco facing $50M cyber extortion over leaked data

Saudi Arabia's state oil giant acknowledged Wednesday that leaked data from the company—files now apparently being used in a cyber-extortion attempt involving a $50 million ransom demand—likely came from one of its contractors.

Business

Woes deepen at Vodafone's India unit

Woes are deepening for Vodafone's India unit as it seeks more time to pay mobile network fees levied by the government, with creditor banks reportedly pleading with New Delhi to cut the firm some slack.

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Joint venture

A joint venture (often abbreviated JV) is an entity formed between two or more parties to undertake economic activity together. The parties agree to create a new entity by both contributing equity, and they then share in the revenues, expenses, and control of the enterprise. The venture can be for one specific project only, or a continuing business relationship such as the Fuji Xerox joint venture. This is in contrast to a strategic alliance, which involves no equity stake by the participants, and is a much less rigid arrangement.

The phrase generally refers to the purpose of the entity and not to a type of entity. Therefore, a joint venture may be a corporation, limited liability company, partnership or other legal structure, depending on a number of considerations such as tax and tort liability.

This text uses material from Wikipedia, licensed under CC BY-SA