A roundup of this week’s news involving automotive suppliers Federal-Mogul Corp. wins approval for the $28.1 million sale of its U.S. camshaft business to supplier concern Asimco of China. A U.S. Bankruptcy Court judge approved the sale after Federal-Mogul reported receiving no competing bids at a sale auction. The deal covers facilities in Michigan and Indiana used to make camshafts. The supplier will also lease its manufacturing facilities in Grand Haven, MI, to the buyers for $3.5 ...
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