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Ruling on automobile global joint venture postponed by Brazil CADE's Tribunal

By Paula Mariane ( November 23, 2022, 18:52 GMT | Insight) -- A ruling on a proposed joint venture between German-based carmakers Mercedes-Benz, BMW and Volkswagen, as well as eight major auto parts firms, has been postponed by the Brazilian competition authority. At today’s ruling session, agency Councilor Gustavo Augusto Freitas de Lima, who is overseeing the case at the Tribunal, said the parties attempted to submit a settlement proposal but failed to send it within the deadline. To give them more time, the agency postponed the ruling on the case.A ruling on the proposed joint venture between German-based carmakers Mercedes-Benz, BMW and Volkswagen, as well as eight major auto parts firms, has been postponed by the Brazilian competition authority....

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