CADE conditionally clears a joint venture of firms in the automotive sector* The companies’ trade agreement will give rise to a new economic player On 14 December 2022, the Administrative Council for Economic Defense (CADE) conditionally cleared a joint venture among 11 companies in the automotive industry. With the transaction, the companies Volkswagen, BMW, Mercedes-Benz, BASF, Bosch, Henkel, SAP, Schaeffler, Siemens,
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