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WORLD> America
US approves China company's acquisition of Delphi biz
(Xinhua)
Updated: 2009-08-08 03:54

BEIJING: The Committee on Foreign Investment in the United States has formally approved the acquisition of Delphi's global production of braking systems and suspension parts by a Chinese company.

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The acquisition by Beijingwest Industries Co. is to get approval from the Chinese government.

Beijingwest will maintain and develop the R&D and production of the two businesses and optimize domestic and overseas auto parts resources.