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Grammer AG signed a joint venture agreement with CHANGCHUN FAWSN GROUP CO., LTD. to establish GRAMMER FAWSN Vehicle Parts Co., Ltd. Grammer will hold 50% of the joint venture, which will develop and produce automotive interior components for FAW Group vehicles.
“Grammer AG has signed today an agreement with CHANGCHUN FAWSN GROUP CO., LTD., Changchun, China, an affiliated company of FAW Group Co., Ltd., one of the largest automotive manufacturers in China, to establish a Joint Venture for automotive interior components.”valuespectrum.com
Summarized from public sources; check the original articles before acting on it.