VW, D'Ieteren Belgian car finance j/v cleared in EU

Newswire

BRUSSELS, Dec 20 (Reuters) - German car maker Volkswagen and Belgian vehicle distributor D'Ieteren secured EU approval on Tuesday to set up a car financing joint venture in Belgium. The companies unveiled the deal for Volkswagen vehicles in October. D'Ieteren distributes Volkswagen's range in Belgium. The European Commission said in a statement the deal would not raise competition concerns, because it would not significantly change the structure of the market. The venture would also face ...

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