GM has formally won permission from the European Commission to buy Delphi’s Steering Business and four of Delphi’s US sites.
Go deeper with GlobalData
The Commission, the executive arm of the 27-nation European Union, said in a statement that the transaction would not raise competition concerns in the European Economic Area.
“The merged entity will have very small market shares and will continue to face several strong, effective competitors with significant market shares,” the EU executive said in a statement.
“The business will be operated as a stand-alone business much as it is today and, at least in the near term, will be held in a wholly owned subsidiary of GM,” the automaker said earlier this year.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
