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Europe Daily Bulletin No. 8025

11 August 2001
(eu) eu/competition
Clearance for aid to Siemens/Yazaki joint-ventures

Brussels, 10/08/2001 (Agence Europe) - On Tuesday, the European Commission decided to clear the creation of joint-ventures between the German firm Siemens VDO Automotive AG (belonging to the Siemens group) and Japanese Yazaki Corporation, which are to pool their activities in the field of electronic electrical distribution systems (EEDS) for the automotive industry. Siemens and Yazaki are both major players on the market of these products, but he Commission considers that the operation will...