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Linamar Corporation agreed to acquire GF Casting Solutions' 50% interest in their joint venture GF Linamar LLC in Mills River, North Carolina, giving Linamar 100% ownership. The JV manufactures aluminum and magnesium structural and powertrain components for automotive and commercial vehicle customers.
GF Casting Solutions, a division of GF, has received new orders worth USD 370 million from Chinese and European car manufacturers to supply lightweight components for a new generation of electric vehicles in China.