Faurecia Takes On Chinese Automotive Firm

Automotive firm Faurecia, which specialises in vehicle interiors, has bought shares in growing Chinese company Jiangxi Coagent Electronics, which produces digital displays for interiors and specialises in infotainment systems. Faurecia has invested RMB1.45 billion ($217.9 million) and now has a majority shareholding.

Analyst Comment

Faurecia is an investor in Canatu (Canatu Touch Used by Daimler). (BR)