ArvinMeritor forms Korean diesel joint venture

Newswire

CHICAGO, Aug 29 (Reuters) - Auto and truck parts supplier ArvinMeritor Inc. on Monday said it has formed a joint venture to supply diesel particulate filters to help light vehicle makers in South Korea meet new emissions reduction legislation. The 50-50 venture, which also will produce related exhaust system parts, was formed with South Korea's DongWon Precision Industrial Co. Ltd. Terms of the deal were not disclosed.

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