EU approves turbocharger JV for Bosch, Mahle

Newswire

BRUSSELS, May 26 (Reuters) - Germany's Robert Bosch [ROBG.UL] and domestic competitor Mahle won approval from the European Commission on Monday for a joint venture to develop exhaust turbochargers. The venture would aim to supply exhaust gas turbochargers to the motor vehicle industry by 2011, the Commission, the European Union's top competition regulator, said in a statement. With the joint company, Bosch, the world's largest auto parts supplier, and Mahle, another Stuttgart-based auto ...

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