China Ministry of Commerce approves GM Delphi deal

Newswire

SHANGHAI, Sept 29 (Reuters) - China's Ministry of Commerce has approved plans by General Motors Co [GM.UL] to acquire certain assets of bankrupt Delphi Corp , Xinhua, the country's official news agency, reported on Tuesday. The approval came late on Monday and had conditions attached, including a ban on GM and Delphi on exchanging trade secrets on Delphi's other Chinese customers. GM is purchasing Delphi's global steering business and four of the parts supplier's plants it used to own in ...

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