Robert Bosch GmbH and Mahle GmbH receive approval from European antitrust authorities to develop, produce and sell exhaust-gas turbochargers through a new 50-50 joint venture. Called Bosch Mahle Turbo Systems GmbH & Co. KG, the new JV will be based in Stuttgart, Germany, and initially will be staffed by about 100 development, administration and sales employees from both companies. Eventual employment is expected to total up to 500 workers once series production begins in 2011 at existing ...
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