GKN Driveline invests in hybrid

Automotive driveline system provider GKN Driveline has teamed up with EVO Electric to manufacture and sell products for hybrid and all-electric vehicles. GKN plans to invest £5m in the venture, made up of both debt and equity. GKN will also acquire 25.1 per cent of Imperial Innovations Group-backed EVO Electric. The venture will be headquartered in the UK.