·Chinese car companies or acquisition of Getrag auto parts company

According to foreign media reports, many companies including Chinese manufacturers tried to acquire German Getrag auto parts company.
Getrag is a world-renowned auto parts manufacturer and one of the world's largest auto gearbox manufacturers. The current competition in the automotive industry has intensified, and technological innovation has accelerated, which has increased the cost of automakers. In this case, the actual owner of Getrag, Germany, will sell the shares of Getrag, which may help its future development. At present, a number of companies have contacted Getrag, Germany, to seek acquisitions, including Magna, the largest auto parts supplier in North America, Dana, and mysterious companies from China.
Germany's Getrag was founded in 1935, and its revenue in 2013 was $3.6 billion (equivalent to RMB 22.32 billion), but it was far behind competitor ZF. ZF's performance has increased significantly after the acquisition of ZRW in the United States.

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