EU approves joint venture between HAPM and Magna International

The European Commission approved a joint venture between China's Hubei Aviation Precision Machinery Technology (HAPM) and Canada's Magna International to manufacture and sell automotive seat components in China, worth up to 1.49 billion yuan.

“The European Commission gave the green light to a joint venture by Chinese and Canadian companies in the automotive sector on Thursday, saying it raised no competition concerns.”ecns.cn

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• ecns.cnEU approves joint venture by China's HAPM, Canada's Magna in automotive sectorAug 4, 2017

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