March 20, 2018 / 6:37 AM / a month ago

BRIEF-Force Motors Gets Board Approval For JV With MTU Friedrichshafen GmbH

March 20 (Reuters) - Force Motors Ltd:

* SAYS BOARD APPROVAL FOR ENTERING INTO JV WITH MTU FRIEDRICHSHAFEN GMBH, GERMANY, UNIT OF ROLLS-ROYCE POWER SYSTEMS

* SAYS IN PROPOSED JV, CO WOULD HOLD 51% OF THE PAID-UP SHARE CAPITAL, MTIJ FRIEDRICHSHAFEN GMBH WOULD HOLD 49%

* SAYS JV TO DEVELOP, MANUFACTURE AND MARKET ENGINES Source text - bit.ly/2u3xeXp Further company coverage:

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