Mando Corp., South Korea’s second-largest parts maker, says it has won a $1 billion contract to supply steering and brake systems to General Motors Corp. over a 5-year period. Beginning in 2008, the supplier will provide steering and brake systems for GM’s North American operations. It also will provide steering systems for the auto maker’s operations in Europe, China and South Korea. The contract includes $730 million in steering systems and $270 million in brake systems, a Mando ...

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