German Auto Parts Provider Decides China Market beyond Repair

(Beijing) – German auto parts provider Stahlgruber Gmbh recently sold its subsidiary in China, three years after opening the business intended to consolidate local resources and provide standardized, one-stop services.

Stahlgruber sold its subsidiary on June 23 to Shanghai Lingtu Trade Co. Ltd., a Chinese company in the Shanghai Free Trade Zone, company registration documents show. Lingtu is owned by Qing Yan, the former general manager of Stahlgruber's China subsidiary.