Corporate News     13-May-17
Rane (Madras) provides business update
LoI from Nexteer gets cancelled
Rane (Madras) has received an official communication from Nexteer cancelling the LOI, due to their customer, General Motor having sold their Opel Brand to PSA in Europe.

The order was for manufacture and supply of steering gears for Passenger Vehicles from Nexteer Automotive Poland Sp.z.o.o.

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