EU clears GM to buy Delphi steering business


BRUSSELS, April 30 (Reuters) - U.S. automaker General Motors won permission from European Union regulators on Thursday to acquire the steering business of bankrupt automotive parts supplier Delphi Corp . The transaction will not significantly impede effective competition within Europe, the European Commission said in a statement. "For all vehicle components which GM gets from Delphi Steering Business, the merged entity would continue to face several strong, effective competitors with ...

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