Italian brakes maker Brembo will build a new foundry in Michigan to expand its manufacturing capability in the United States, betting on continued strength of the country's automotive sector.
Brembo, which counts General Motors, Fiat Chrysler , BMW, Ford, Honda, Daimler , Mitsubishi and Subaru among its clients in the United States, plans to invest 74 million euros ($99.6 million) to build a foundry with capacity of up to 80,000 tons a year of brake disc castings, it said on Wednesday.
Source: http://www.reuters.com
