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