Visteon Corporation announced Monday that it will base its global electronics product group in Shanghai, alongside the Visteon China Technical Center. Visteon makes audio, entertainment, driver-information, powertrain-control and lighting systems electronics in China.
In related news, GM announced it has relocated its worldwide eletronics purchasing unit from Michigan to Shanghai. Automotive News cites a source close to GM as saying, "Just about all electronic subcomponents now originate in China or Korea or Singapore." Electronics are forecast to make up 40 percent of a new vehicle's value by 2010.

[Source: Automotive News]

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