Auto Firms Acquiring Abroad

China Seeks Auto Components Acquisition Overseas
Industry, page 33
Chinese firms were on the lookout for foreign automobile components makers ripe for acquisition. Beijing West Industries Company, which is part owned by the Beijing government became the most recent example of the trend after it signed an agreement with Delphi Corporation, a US-based auto components maker, to purchase the latter's remaining global suspension and brakes business in late March. And just a few days before that deal, Geely Holding Group, one of China's largest private auto-makers, signed an agreement to purchase all shares of Australia's Drivetrain Systems International (DSI), the world's second largest gearbox maker.
Original article: [Chinese]