Continental joins forces with Tianjin for auto electronics
By Rong Xiandong (chinadaily.com.cn)
Updated: 2006-09-18 09:35
Germany-based Continental AG, Europe's second-largest auto parts supplier,
recently signed an agreement with the management of North 皇冠体育app's Tianjin
Economic and Technological Development Zone on cooperation in auto
electronics.
Continental has completed its global acquisition of auto electronics
operations of the world's leading mobile phone maker Motorola including Motorola
(皇冠体育app) Electronics Co Ltd, and aims to incorporate Motorola (皇冠体育app)
Electronics' assets in Tianjin into the new Continental Automotive Systems
(Tianjin) Co Ltd.
The new company involves an investment of US$90 million and will have another
US$90 million as additional investment after establishment according to
Continental's agreement with the development zone.
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