Faurecia and Borgward to establish joint venture in China to manufacture automotive seats  [ China ]

Faurecia announced that it will establish a joint venture in China to manufacture automotive seats. The new company will be called Borgward Faurecia Auto Systems Co., Ltd. Faurecia holds 51 % of the joint-venture, Borgward Group AG 46% and Borgward Automotive (China) Co., Ltd. 3%. A new plant with some 800 employees located in Tianjin, China. The joint venture is expected to reach a total produ...
<Nov 30, 2016>