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China’s Getting Under the Hoods of More American Cars

  • Chinese spent record $1.6 billion in deals for U.S. suppliers
  • Michigan subsidiary now preferred bidder for troubled Takata
An employee drives a forklift passed crates of stacked auto glass ready for shipping at the Fuyao Glass America production facility in Moraine, Ohio, on Aug. 19, 2016.
Photographer: Ty Wright/Bloomberg
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Chinese companies started talking a decade ago about cracking the U.S. auto market with an array of low-cost passenger vehicles. That hasn’t happened, so instead they’re getting under the hoods of American cars by buying up parts makers at a record pace.

Ningbo Joyson Electronic Corp. supplies windshield-washer and ventilation systems to some of the world’s biggest carmakers, including Ford Motor Co., General Motors Co. and Volkswagen AG. Last year, it spent more than $1 billion buying a Michigan maker of air bags and an Indiana manufacturer of assembly-line equipment.