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US approves China company's acquisition of Delphi business
Source: Xinhua |
August 8, 2009, Saturday
|
Online Edition
Online Edition
The Committee on Foreign Investment in the United States has formally approved the acquisition of Delphi's global production of braking systems and suspension parts by a Chinese company.
The acquisition by Beijingwest Industries Co. is to get approval from the Chinese government.
Beijingwest will maintain and develop the R&D and production of the two businesses and optimize domestic and overseas auto parts resources.
The acquisition by Beijingwest Industries Co. is to get approval from the Chinese government.
Beijingwest will maintain and develop the R&D and production of the two businesses and optimize domestic and overseas auto parts resources.
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