Aisin Seiki creates a wholly owned Chinese subsidiary to serve as a local development base for auto parts. Aisin’s 20 production bases in China make everything from body parts such as doors and seats to engine parts including water pumps. But without a local development base, it has won no business with Chinese, U.S. or European auto makers there and supplies only a local joint venture of Toyota. Aisin says the new development base will reduce lead time between development and production ...

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