# Wuling Industry sells second batch of seat production assets to Faurecia

Wuling Motors' non-wholly owned subsidiary Wuling Industry entered into an agreement to sell a second batch of assets used for automotive seat production and operation to Faurecia Automotive Seats Joint Venture for CNY 11.3148 million.

- Type: Acquisition
- Announced: 2018-06-07
- Where: China
- Value: $1.76M (11.3M CNY)
- Status: announced
- Products: automotive seat production assets
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Wuling Motors](https://endata.com/companies/17946.md) (target)
- [Wuling Industry](https://endata.com/companies/27793.md) (target)
- [Faurecia (China) Holding Co., Ltd.](https://endata.com/companies/28449.md) (acquirer)
- [Faurecia Automotive Seats Joint Venture](https://endata.com/companies/32432.md) (acquirer)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/130688.html), 2018-06-07: "五菱工业集团有向佛吉亚汽车座椅合资公司出售第二批必要资产"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.