LS to supply GM with hybrid car parts

LS Industrial Systems Co., a Korean electric equipment maker, agreed to supply components for General Motors Co. hybrid cars.

LS Industrial and GM will form a long-term partnership, the Korean company said in an e-mailed statement today without disclosing financial terms. 

LS Industrial also said it aims to win at least 1 trillion won ($842 million) in orders from its green car parts business by 2013.