Magna and Chongqing Xingqiaorui Automotive to form joint venture

Green Car Congress
By mmillikinMay 5, 2015, 4:00 am217 pts
Magna International Inc. and Chongqing Xingqiaorui have agreed to form a strategic joint venture in China. Under the terms of the agreement, Cosma International, Magna’s body and chassis operating unit, will hold a 53% stake in the JV, while Xingqiaorui will hold the remaining 47%. The transaction is expected…

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