Brembo, SGL get EU approval for joint venture


BRUSSELS, May 28 (Reuters) - Germany's SGL Carbon and Italian brake maker Brembo won permission from the European Commission on Thursday to form a joint venture to develop and produce carbon-ceramic brake discs and systems. Brembo and SGL, which makes carbon-based products, said last month that they intended to combine their businesses in carbon-ceramic brake discs to share costs and develop new products for a growing market. "The joint venture would continue to face effective ...

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