Volkswagen wins EU okay for buying Karmann units

Newswire

BRUSSELS, Nov 30 (Reuters) - German carmaker Volkswagen won European Union approval on Tuesday for its planned purchase of various auto businesses of German company Karmann. The deal will give Volkswagen control of Karmann's divisions for car and components development, contract manufacturing, plant engineering and the development and production of equipments and tools. "Given the presence of other considerable suppliers and the moderate market share of Karmann, the Commission concluded ...

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