WABCO Holdings (WBC +0.9%) says it's been granted a license by Chinese authorities to...

|About: WABCO Holdings Inc. (WBC)|By:, SA News Editor

WABCO Holdings (WBC +0.9%) says it's been granted a license by Chinese authorities to re-manufacture air compressors in China for commercial and off-highway vehicles. The company's Reman Solutions is currently re-manufacturing air compressors locally for China National Heavy Truck Corporation and for the independent aftermarket in China, and it hopes to expand to add other products, subject to government approvals.