Magna International Inc. (NYSE:MGA) announced that its body and chassis systems operating unit, Cosma International, has closed a transaction with Germany-based ThyssenKrupp Automotive Systems GmbH to acquire the latter’s Brazilian unit, ThyssenKrupp Automotive Systems Industrial do Brasil Ltd (TKASB).
TKASB manufactures and assembles chassis structural components and modules for Brazilian original equipment manufacturers (OEMs). It operates four facilities in the country, located in Sao … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards