EU clears Continental to buy auto parts maker VDO

Newswire

BRUSSELS, Nov 29 (Reuters) - German car parts maker Continental AG won permission from the European Commission on Thursday to buy Siemens's auto electronics unit VDO for 11.4 billion euros ($16.9 billion). The European Union's executive arm said the companies for the most part made complementary products, therefore raising few competition concerns. "There are overlaps on some specific product markets. The market investigation conducted in the affected upstream and downstream product ...

Premium Content (PAID Subscription Required)

"EU clears Continental to buy auto parts maker VDO" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×