China to roar in car parts

ThyssenKrupp Automotive, a unit of the German steel giant, said China will supply 10% of vehicle parts sold by 2010, up from 1% now, according to a Reuters report. The company makes springs, crankshafts, chassis and other parts. “If you assume �8bn in sales of automotive, that's �800 million in 2010,'' a Thyssen executive said.