South Korea’s unlisted Mando Co has won $US541 million of contracts to supply automotive parts to General Motors and DaimlerChrysler AG, the Korea Economic Daily said on its early Thursday edition, according to Reuters.
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The company would provide $380 million worth of braking system modules to GM, while supplying $161 million worth of steering systems to DaimlerChrysler, the report said, while Mando did not disclose further details, Reuters added.
