SHANGHAI (April 24, 2017) – The agreement to form a global automotive soft trim and acoustics joint venture announced Dec. 21, 2016 between International Automotive Components (IAC) and Shanghai Shenda Co. Ltd. (Shenda) is subject to certain regulatory approvals. IAC and Shenda have been notified that the National Development and Reform Commission of the People’s Republic of China has accepted Shenda’s regulatory filing and no further action is required. “This is a major milestone toward the…