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Auria Solutions won a contract from General Motors to supply fiber-based insulation for the dashboard that reduces vehicle weight by 13 pounds.
Shanghai Shenda and International Automotive Components (IAC) Group have completed their joint venture transaction, officially forming Auria Solutions, which will supply soft trim and acoustic products.
International Automotive Components Group and Shanghai Shenda Co. Ltd. completed the formation of Auria Solutions Ltd., a joint venture where Shenda acquired a 70% stake based on an enterprise value of $570 million. IAC retained a 30% interest.