Punch Powertrain and Groupe PSA formed Punch Powertrain PSA e-transmissions in a $218m deal.

Punch Powertrain, a producer and distributor of railroad parts, and Groupe PSA, a company providing business and property related information and services, formed Punch Powertrain PSA e-transmissions, a join venture focused on affordable electrification and technology leadership, in a $218m deal. “This new venture will spearhead the industrialization of our next generation of transmissions for hybrid electric vehicles, providing broader availability of affordable electrified powertrains on global markets," Jorge Solis, Punch Powertrain CEO.