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Magna, Chongqing Xingqiaorui to form joint venture in China

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 percent stake in the JV, while Xingqiaorui will hold the remaining 47 percent. The transaction is ex....

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