Akebono Brake Industry Co. announced that it has no intention to acquire Bosch's remaining brake business in Europe and elsewhere.
In 2010, Dawning acquired Bosch's brake business in North America for US$10 million. In addition, Dawning Company stated in November 2010 that it may acquire Bosch's remaining businesses in Asia, Australia, Europe and Latin America, including brake discs, calipers and brake drums. It is reported that these businesses have annual sales of about 970 million U.S. dollars.
However, Shuguang Company stated on March 4, 2011 that the acquisition of Bosch's remaining brake business did not meet Dawning's business strategy.
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