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Image header Agence Europe
Europe Daily Bulletin No. 8962
Contents Publication in full By article 32 / 45
GENERAL NEWS / (eu) eu/competition

06/06/2005 (Agence Europe) - The European Commission has cleared a joint venture between DaimlerChrysler AG of Germany and MB-Automobilvertriebsgesellschaft (MAV) of Austria for the Hungarian car market. The new entity will be jointly controlled by DaimlerChrysler and MAV. It will operate as a non-exclusive importer of DaimlerChrysler cars and spare parts and accessories for DaimlerChrysler cars to Hungary and organise the distribution of these products to retailers. The Commission concluded that the vertical integration of DaimlerChrysler's in Hungary, will not significantly change the competitive situation on the European or Hungarian markets.

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