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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]