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U.S. approves China company's acquisition of Delphi business |
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12:33, August 08, 2009 |
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.
Source: Xinhua
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