November 29, 2016 / 11:55 AM / 8 months ago

BRIEF-France's Faurecia forms Chinese j/v with Borgward Group

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Nov 29 (Reuters) - Faurecia :

* Faurecia and German carmaker Borgward have created a joint-venture in China to jointly develop and build complete seats for new Borgward vehicles

* The joint-venture - Borgward Faurecia Auto Systems Co., Ltd. - will develop and produce automotive seats at a new plant with some 800 employees located in Tianjin, China

* Faurecia holds 51 percent of the joint-venture, Borgward Group AG 46 percent and Borgward Automotive (China) Co., Ltd. 3 percent

* Joint venture is expected to reach a total production volume of 400,000 car sets by 2020

Source text for Eikon: Further company coverage:

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