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.
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.
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