Japanese manufacturer Nidec (NJ +0.5%), which makes small motors for everything from car windows to copiers, says it's buying a 51% stake in the Chinese automotive motor company, Jiangsu Kaiyu Auto Appliance Co. The company has struggled in the past to gain a foothold on the Chinese market, and says the acquisition will significantly aid its expansion in the region. Financial terms were not disclosed.
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs