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| Jan 24, 2009 | World Industries Ace Corporation and Magna Powertrain Announce Joint Venture In Korea
World Industries Ace Corporation (WIA), a Korea-based powertrain company affiliated with Hyundai Kia Motors Group, and Magna Powertrain, an operating unit of Canada-based Magna International Inc., today announced the formation of a 50/50 joint venture to establish a new manufacturing facility located in Asan, Chungcheongnamdo, Korea. |
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