Shanghai, August 7 (Gasgoo.com) China's leading bus-maker Yutong Group on Aug. 3 signed a strategic partnership deal with U.S. auto-parts supplier ArvinMeritor Inc, China News reported.
ArvinMeritor, a leader in the global auto-parts industry, will provide parts and components of power transmission and basic braking systems to Yutong for the production of Yutong buses and chassis.
In addition to continually providing high-end axle products to Yutong, ArvinMeritor will also offer differential carriers and brake calipers made in its production plant in Wuxi, China, for application in Yutong's self-made axles.
The final product will be assembled at Yutong's plant in Zhengzhou, central China. As part of this partnership, ArvinMeritor and Yutong will also sell and distribute standard aftermarket service kits for its products.
The project will start at the end of 2009 and the investment is expected to exceed $50 million in the next five years. At the same time, both companies will also further enhance their cooperation in a wider area.
ArvinMeritor, Inc. is a premier global supplier of a broad range of integrated systems, modules and components to auto industry. The company serves commercial truck, trailer and specialty OEMs and certain aftermarkets, and light vehicle manufacturers.
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