Faurecia sells steering-system unit to Fuki Koko

Newswire

PARIS, July 30 (Reuters) - French car-part maker Faurecia has sold its steering-systems subsidiary to Japanese firm Fuji Kiko Co. Ltd , Faurecia said on Friday. It gave no financial details of the deal. Early this month Faurecia said that the combination of its subsidiary with the Japanese firm, which specializes in power steering, would create Europe's third biggest company in the steering-systems sector. Faurecia's steering-systems unit, located in Beaulieu in eastern France, employs ...

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