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China News archive ارشيف خاص بالاخبار الصينية من المواقع العالمية |
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Report: Dongfeng looking to buy stake in gearbox giant Getrag
Filed under: China, Plants/Manufacturing ![]() Details are scarce, but the report cites sources who say the deal could be worth $700 million. Getrag has reportedly been looking for a partner since Dana Corporation sold its 30-percent stake back to the Hagenmeyer family back in 2007. The family is currently the sole owner of Getrag. AN points out that the merger, if it goes through, would represent the first time a Chinese automaker has bought into the German auto sector. It's important to point out that talks are reportedly ongoing, which means that either party can back out at any time. Many global automakers rely on Getrag for transmissions to one extent or another, including Ford, Fiat and BMW. [Source: Automotive News sub. req.] Report: Dongfeng looking to buy stake in gearbox giant Getrag originally appeared on Autoblog on Tue, 29 Mar 2011 07:30:00 EST. Please see our terms for use of feeds. Read | Permalink | Email this | Commentsأكثر... |
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