Hyundai Mobis, South Korea's largest automotive systems and parts supplier, has acquired a 38.3% controlling interest in Korea Automotive Systems Co. (KASCO) for 25.7 billion won ($25.4 million). KASCO is a major domestic supplier of brake, steering and powertrain components. The company supplies sister companies Hyundai Motor Co. Ltd. and Kia Motors Corp. with brake hub assemblies, superchargers, drive axles and other parts and holds about 25% of the domestic market for these products. ...
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