SHANGHAI, March 18 (Reuters) - Chinese automaker Beijing Automotive Industry Co is seeking to buy U.S. auto parts maker Delphi Corp’s (DPHIQ.PK) non-core assets, the 21th Century Business Herald said on Wednesday.
A government-backed consortium whose members include Beijing Auto and several private-sector parts suppliers are in talks with Delphi to buy its assets, including brake system and suspension businesses, the newspaper said, citing unnamed sources.
It did not specify the size of any potential deal.
Delphi, which filed for bankruptcy protection in 2005, had indicated its intention to offload some non-core assets.
Delphi’s spokesman in China could not be immediately reached for comment.
Beijing Auto, a Daimler AG (DAIGn.DE) partner, is the parent of truck maker Beiqi Foton Motor Co (600166.SS). A senior executive at the firm’s investment arm declined to comment. (Reporting by Fang Yan, Editing by Jacqueline Wong)
Wednesday, March 18, 2009
BAW to buy Delphi assets
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