Reuters reported, citing informed sources as saying that Dongfeng Motor Group want to buy German Getrag (Getrag) about 30% of the shares to get their gear production technology. The two sides going in-depth negotiations.

    Getrag in Germany Hagenmeyer family owned, is the world's largest manufacturers of automotive transmissions, Ford, General Motors, BMW, Mercedes, Volkswagen and other auto companies supply.

    U.S. auto parts maker Dana (DanaHoldingCorp) 2000 Getrag from 30% to buy shares, but in 2007 Yin Dena filed for bankruptcy protection this part of the shares sold back to the family. Getrag Corporation in order to inject new capital, Hagenmeyer 30% of the shares of the family intended to sell this new strategic partners, and with the Magna and other companies had contact. The source said Getrag value of the shares of about 30% of the nearly 5 billion euros, or $ 700,000,000.

    The source declined to be identified because the two sides still in the confidential stage of consultation. Dongfeng Motor in China do not know the matter, said a spokesman, refused comment. Gertrude La company also declined to comment.

    In China, Getrag Jiangling Motor Group in 2006 and set up a joint venture GETRAG (Jiangxi) Transmission Co., Ltd., and has three factories: the factory in Nanchang, Ganzhou Factory (formerly Jiangxi Jiangling Gear Co., Ltd.), in both the factory (the original Yudu Jiangling Gear Co., Ltd.). Dongfeng is one of the joint venture's customers. The joint venture's other clients and strategic partners include Ford, GM, JMC, Brilliance, hippocampus, Chery, Dongfeng, Southeast, Zhengzhou Nissan and so on.