Car parts maker Delphi sets up China trading arm http://today.reuters.com/stocks/QuoteCompanyNewsArticle.aspx?view=CN&storyID=2006-07-18T081114Z_01_SHA317495_RTRIDST_0_AUTOS-CHI
Tue Jul 18, 2006
SHANGHAI, July 18 (Reuters) - Bankrupt U.S. auto parts maker Delphi (DPHIQ.PK: Quote, Profile, Research) said on Tuesday it had set up a trading arm in China to help boost its retail operations in the world's second-largest auto market.
The trading firm will import vehicle electronics, diesel systems and other components that it does not currently make in China, catering to the replacement needs of the country's growing army of car owners, an executive told Reuters.
Delphi, which runs 11 manufacturing facilities in China, provides more that 40 categories of parts to General Motors Corp. (GM.N: Quote, Profile, Research), Volkswagen AG (VOWG.DE: Quote, Profile, Research) and other major foreign auto makers in the market.
It is now banking on the growing after-sales retail market to further boost its China sales, which reached $637 million in 2004, or around 2 percent of its global total, a company executive said.
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