Lingyun Industrial to acquire Waldaschaff Automotive of Gemany  [ China ]

Lingyun Industrial Co., Ltd. announced that it will acquire 100 percent of Waldaschaff Automotive GmbH (WAG) shares for EUR 3.5 million. WAG is an auto parts supplier based in Wolfsburg, Germany. It is capitalized at EUR 1 million. The company supplies door modules and frames, rear fenders, engine hoods, and other structural components to automakers such as Volkswagen, Ford Motor, General Motor...