04/07/2014 (Agence Europe) - Commission clears Faurecia-Magneti Marelli joint venture. On 4 July, the European Commission gave the go-ahead to the creation of a joint venture by Faurecia, S.A. of France and Magneti Marelli S.p.A of Italy. Faurecia manufactures and supplies automotive equipment, including seating, interior systems, such as instrument panels, acoustic modules, decorative parts in various materials and instrument panel beams, automotive exteriors, such as painted exterior body parts, front end modules and composite structural parts, and emissions control technologies. Magneti Marelli manufactures and supplies high-technology components and systems for the automotive sector, including lighting and powertrain products, electronic and suspension systems and shock absorbers. The joint venture will be active in the EEA in the development, manufacture and supply of certain advanced human-machine interface (“HMI”) vehicle interior products, such as centre stacks and overhead consoles, mechanised HMI systems and nomadic devices hardware system integration. The Commission concluded that the proposed concentration would not raise competition concerns, given that there are limited overlaps between the parties' activities. (EL)