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FTC approves final order preserving competition in North America for heavy vehicle tie rods

( June 18, 2015, 18:21 GMT | Official Statement) -- MLex Summary: Following a public comment period, the US Federal Trade Commission has approved a final order settling charges that the $12.4 billion merger of two of the world’s largest auto parts suppliers, ZF Friedrichshafen and TRW Automotive Holdings, would likely harm competition in the market for heavy vehicle tie rods. Tie rods are rigid connectors that link a vehicle’s wheels with the steering control mechanism. The combined company is required to divest TRW’s North American and European linkage and suspension business for heavy and light vehicles, which includes heavy vehicle tie rods. The Commission vote approving the final order was 4-1, with Commissioner Joshua D. Wright voting no.Statement follows in full....

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