Robert Bosch GmbH has a tentative deal to sell its North American foundation-brake business to Japan’s Akebono Brake Corp. by the end of the year for $10 million, although two manufacturing facilities will transfer immediately to Akebono. One of the world’s largest brake-system producers, Bosch has been losing money for years on foundation components such as calipers, rotors and drum brakes. But Bosch’s top automotive executive, Bernd Bohr, told Ward’s in June the supplier would not exit ...

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