Report: Dongfeng looking to buy stake in gearbox giant Getrag
Details are scarce, but the report cites sources who say the deal could be worth $700 million. Getrag has reportedly been looking for a partner since Dana Corporation sold its 30-percent stake back to the Hagenmeyer family back in 2007. The family is currently the sole owner of Getrag.
AN points out that the merger, if it goes through, would represent the first time a Chinese automaker has bought into the German auto sector. It's important to point out that talks are reportedly ongoing, which means that either party can back out at any time. Many global automakers rely on Getrag for transmissions to one extent or another, including Ford, Fiat and BMW.
[Source: Automotive News sub. req.]
- Cars that are the most likely to be in accidents
- Why you should consider a certified used car
- Find and compare 2017 Models
From Our Partners
Oscar Mayer plumps up Wienerfleet with Wienermini, Wiener Rover, Wienercycle and WienerdroneWatch Video