The Committee on Foreign Investment in the United States (CFIUS) has formerly approved the acquisition of Delphi’s brake and suspension units including intellectual property rights by Beijingwest Industries Co, a three-party auto spare parts joint venture involved by Shougang Group. Delphi is one of the world’s largest suppliers of auto spare parts with sales revenue reaching $600 to $700 million annually in its brake and suspension units, which were split off from parent General Motors in 1999.