CHINA
From Times Staff and Wire Reports
AlliedSignal Plans $100-Million Investment: A week after Beijing called for upgrading the nation’s auto parts industry, one of the world’s Top 10 auto parts producers announced plans to invest in China. AlliedSignal Inc. will make the investment during the next 18 months, a business development official said last week. Within the next 12 months, the company is likely to begin three or four projects, each worth more than $20 million, the official said.
