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Magna enters joint venture with Chinese seating supplier

Magna has entered into a seating joint venture cooperation agreement with China’s Hubei Aviation Precision Machinery Co., Ltd. (HAPM).  Subject to regulatory approval, the deal is expected to close in the fourth quarter of 2017. (CNW Group/Magna International Inc.)JV bolsters Magna's product portfolio in seat mechanisms and structures Magna's global resources and operational expertise complements JV partner Partnership enhances both companies' footprint and customer base in Asia SHANGHAI, April 28, 2017 /PRNewswire/ - To...