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Magna Launches Electric Drive Factory in China

Magna International Inc. has opened a factory in Shanghai to make integrated electric drive systems for Volkswagen AG vehicles built in China and Europe.

Propulsion

Magna Teams with SAIC Unit to Make Electric Drives in China

Magna International Inc. has formed a joint venture with SAIC Motor Corp.’s Huayu Automotive Systems unit to produce electric-drive propulsion systems in China.

Business

Chinese, German Interior Specialists to Partner on “Smart” Surfaces

Shanghai-based Yanfeng Automotive Interiors and Germany’s Kostal GmbH have signed a memorandum of understanding to work together on “smart” interior surfaces.

Interiors

China's Yangfeng Interiors Touts New Heated Armrest

Shanghai-based Yanfeng Automotive Interiors says it has developed a heated armrest for door panels that is significantly lighter and thinner than similar systems available on some high-end luxury models.

Business

JCI, SAIC Unit Form Global Auto Interiors Venture

Johnson Control Inc. and a subsidiary of Shanghai Automotive Industry Corp. have signed an agreement to launch what they describe as the world's largest automotive interiors company.

Business

Cooper Standard Buys 95% of Auto Sealing Venture in China

Cooper-Standard Holdings Inc. has hiked its stake to 95% in its automotive sealing products venture with China's Huayu Automotive Systems Co. in Shanghai.

Interiors

Visteon Dumps China Interiors Venture, Bolsters Electronics Business

Visteon Corp. is selling off its stake in an interiors venture in China and buying majority control of a separate auto electronics partnership there.

Interiors

Visteon Sells Stake in Chinese Auto Interiors Venture

Visteon Corp. has agreed to sell its 50% stake in its Shanghai-based interior joint venture, Yanfeng Visteon Automotive Trim Systems Co., to partner Huayu Automotive Systems Co. for $1.25 billion in cash.

Business

SAIC Unit to Buy Visteon’s Stake in Auto Interiors Venture

Visteon Corp. has agreed to sell its 50% stake in its Shanghai-based interior joint venture, Yanfeng Visteon Automotive Trim Systems Co., to partner Huayu Automotive Systems Co. for $1.25 billion in cash.

Electronics

JCI May Have Hit Snag in Electronics Unit Sale

Johnson Controls Inc. has broadened its search for a buyer for its automotive electronics business because of weak bidding interest, according to news reports.

Business

SAIC Unit Eyes Purchase of JCI Electronics Unit

Johnson Controls Inc. is discussing the sale of its electronics unit to Shanghai-based Huayu Automotive Systems, a subsidiary of Shanghai Automotive Industry Corp., the 21st Century Business Herald reports.

Visteon Offers to Buy Remaining Stake in Halla

Visteon Corp. has launched a 913 billion-won ($805 million) tender offer for the 30% South Korea's Halla Climate Control Corp. it doesn't already own.

UPDATE: Visteon Seeks Remaining Stake in Halla

Visteon Corp. has launched a 913 billion-won ($805 million) tender offer for the 30% South Korea's Halla Climate Control Corp. it doesn't already own.