Brussels, 25/09/2000 (Agence Europe) - The European Commission has given the go-ahead to French vehicle manufacturer Peugeot and the French services and communications group, Vivendi, to create an equally owned joint venture, "Wappi!", for the provision of Internet-based services for cars.
The joint undertaking will develop, provide and integrate Internet-based services relating to the safety and maintenance of cars, mobility and navigational aids, leisure and comfort. The Commission considers that Wappi! will be competing with similar large companies, especially Odysline (Renault), Viasat (subsidiary of Magnetti Marelli and Telecom Italia) and One Star (General Motors), and that, as a result of this, "the operation would neither create nor strengthen a dominant position", it is stated in a press release.