USA: Delphi and Ashimori Announce Joint Venture To Expand Seat Belt Business
Delphi Automotive Systems (NYSE: DPH - news) and Ashimori Industry Co., Ltd. (Osaka Stock Exchange: 1st Section 3526) have formed a joint venture agreement to pursue seat belt business in the United States and other global seat belt markets. In the joint venture, majority owner Delphi holds 51 percent, Ashimori holds 49 percent.
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