Automotive

Stellantis, Foxconn team up to make cars more connected

Carmaker Stellantis and Taiwan's Foxconn on Tuesday announced plans to develop a jointly operated automotive supplier focusing on technology to make vehicles more connected, including artificial intelligence-based applications ...

Automotive

Daimler Truck, Volvo to make fuel cells in Europe from 2025

Germany's Daimler Truck AG and Sweden's Volvo Group say they plan to jointly manufacture hydrogen fuel cells for trucks in Europe starting in 2025 and called on European Union policymakers to boost incentives for climate-neutral ...

Computer Sciences

Data science and artificial intelligence for the public good

The Federal Statistical Office (FSO) is joining forces with the Swiss Data Science Center, a joint venture between the two federal institutes of technology, to encourage the use of data science and artificial intelligence ...

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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