Motor Vehicles and Parts News
- Dongfeng plans to acquire U.S. assets
Date: 28-Nov-2006 Sources: (Shenzhen Daily)
DONGFENG Motor Group Co. and Hong Kong-listed car-parts maker Minth Group Ltd. are among a number of vehicle companies looking at acquiring assets from U.S. vehicle suppliers Delphi Corp. and Visteon Corp., the South China Morning Post reported yesterday, citing unnamed market sources.
Dongfeng controls 12.6 percent of the mainland car market, the newspaper said. A U.S.-based spokesperson at Delphi declined to confirm which companies it is in talks with, the newspaper said. Visteon, Dongfeng and Minth declined to comment, it said.
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