WABCO Holdings Inc., a global supplier of commercial vehicle safety and control technology, announced on July 8, 2011 that it has signed a five-year, $400 million new multi-currency cycle Credit agreement. The new contract will replace WABCO’s existing revolving credit contracts due in July 2012. Previously, on May 26, 2011, WABCO’s board of directors approved the company’s up to 400 million U.S. dollar common stock repurchase program and has authorized the company to launch this program. The program will be implemented from June 1, 2011 and will be completed within two years. WABCO is headquartered in Brussels, Belgium and employs 9,900 people in 31 countries around the world. In 2010, global sales totaled 2.2 billion U.S. dollars. Changzhou Saina Automobile Industry Co., Ltd , https://www.sainaauto.com