Forvia, Michelin, and Stellantis Approve Symbio Joint Venture Restructuring Plan

Forvia, Michelin, and Stellantis have agreed to restructure and refinance their hydrogen fuel cell joint venture, Symbio.,The joint venture will maintain 175 jobs following Stellantis’s decision to withdraw as a customer for its hydrogen activities.Forvia, Michelin, and Stellantis have reached an agreement on the restructuring and refinancing of their hydrogen fuel cell joint venture, Symbio, according to a statement. Symbio will retain 175 jobs as the organization adapts to a new, reduced scope following Stellantis’s withdrawal as a customer for all its hydrogen-related activities, the joint venture’s statement added.