Not really a JV because ST Kinetics owns 51% share of Timoney. The incompetent shits at ST Eng could not come up with a wheeled AFV designed and decided to use their subsidiary, Timoney of Ireland, to develop the Terrex for them. Timoney came up with the design and contracted to manufacture the suspension. ST Eng. build the rest. But in fact, ST Eng were too incompetent to develop a wheeled version of the Bionix. They should have simply gone to a 4 wheel or 6 wheeled version of the Bionix and not have to totally develop another family of vehicles. It makes no sense and is wasteful. For example the AMX-10P that the SAF had also comes in a wheeled version the AMX-10RC. Now, they are trying to market the Terrex to the Marines, that is not going to go, as I understand.
Thanks, you are great knowing details.