US auto parts maker to outsource interiors to China
New York (AFP) May 18, 2014 - US auto parts supplier Johnson Controls will outsource its manufacturing of interior car parts in a merger with a subsidiary of Chinese automaker SAIC, according to a statement Sunday. Johnson Controls said it will have a 30-percent stake in the shared enterprise, which it claimed would be "the largest automotive interiors company in the world with revenues of approximately $7.5 billion." ... more
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