Textron revives efforts to sell fuel systems unit, Reuters reports

Textron (TXT) has revived efforts it ended four years ago to sell a business that makes fuel tanks for cars and is worth in excess of $1B, people familiar with the matter told Reuters’ David Carnevali and Anirban Sen. Textron has hired JPMorgan Chase (JPM) to run a sale process for the unit, which is called Kautex, the report said.