The Financial Post reports in its Friday edition that Magna International is wagering on the growth potential of the Chinese vehicle market with a $2.5-billion acquisition of the Getrag Group of Companies. The Post's Kristine Owram writes that Getrag is the world's biggest independent producer of transmissions. It counts Chinese automakers Jianglin Motors Group and Dongfeng Motor Group among its joint-venture partners. Getrag is expected to grow significantly in the world's biggest vehicle market during the next five years. In 2014, Getrag's Chinese sales amounted to about 300 million euros. By 2019, that number is expected to grow to three billion euros. Getrag's total sales are expected to double to six billion euros over the same time period. Magna boss Don Walker says: "We're already in China with most of our product areas, but whenever you get more critical mass, more expertise in management and operations and relationships, I would expect that this would help accelerate our growth over there. ... As part of this, we'll be entering into joint ventures with customers so I think that will also give us an opportunity to get to know them better and hopefully sell some of our other products to them."