Thursday, 1 December 2011

Mando Corporation secures overseas orders from GM in a $520 mn deal





South Korean auto component major Mando Corporation signed a $520 million deal with the American car maker General Motors and has thus secured the overseas contracts for supplying Steering system and Braking components.

Mando Corporation is the fourth largest steering manufacturer in the world. Prior to this, Mando Corporation used to supply Anti-lock braking system (ABS) as well as Electronic Stability Control (ESC) to General Motors.

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