European investment in Asia soars.(Suppliers)

Automotive News Europe,  April, 2003  

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Byline: Edmund Chew

Several Tier 1 suppliers based in Europe are investing heavily and forming joint ventures in Asia

Autoliv

The Swedish safety systems supplier formed a joint venture last September in Changchun, China.

Autoliv Maw Hung Vehicle Safety Systems is 59 percent owned by Autoliv and 41 percent by Maw Hung Industrial.

The partnership includes the existing assets and business of seat-belt supplier Changchun Engley. The new company will also offer airbags and a range of sophisticated safety system solutions. Initial contracts are for the Audi A6 and ...

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