The European Commission has finally authorized Bosch Mahle Turbo Systems GmbH & Co. joint venture.
This project was launched by Robert Bosch GmbH, a German diversified technology based corporation, and Mahle GmbH, one of the 30 largest automotive suppliers worldwide.
The deal presupposes the supply of exhaust gas turbochargers to the motor vehicle industry by 2011.
The EC reached such a decision following the conviction that this joint venture would not impact competition on the market.
In a weary world of endless US military interventions, sanctions, trade tariffs and chaos, let’s pause and take stock of the shining house on the hill