UPDATE 1-Sumitomo Electric to take over VW's Bordnetze unit


(Adds details, background) FRANKFURT, March 27 (Reuters) - Volkswagen said on Monday that Japan's Sumitomo Electric Industries Ltd. would take over its Volkswagen Bordnetze GmbH unit, which VW owns together with German industrial group Siemens . Bordnetze generated 2005 sales of 440 million euros ($527 million) through the exclusive supply to the German carmaker of harness fittings for electronic wiring. VW had earlier said it was in talks with Sumitomo Electric on a sale. It gave no ...

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