Magna Exteriors and Interiors is forming a 3-party joint venture to purchase an injection-molding and painting facility in Wuhu, in Southeast China’s Anhui province. Magna will own 51% of the JV, called MCC Wuhu Exteriors. Changsu Automotive Trim will control 34% and Chery Tech, 15%. The 300,000-sq.-ft. (27,870-sq.-m) facility reported RMB276.6 million ($43 million) in revenues in 2010. It employs about 600 people and supplies Chery Automobile, its primary customer, with front and rear ...

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