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Mercedes-Benz, BMW, Volkswagen global joint venture to face further scrutiny in Brazil

By Ana Paula Candil ( August 18, 2022, 18:24 GMT | Insight) -- A global joint venture between Germany-based carmakers Mercedes-Benz, BMW and Volkswagen, as well as eight major auto parts firms including Bosch, ZF Friedrichshafen and Schaeffler, will face further scrutiny by the Brazilian competition authority. The Tribunal of the Administrative Council for Economic Defense, or CADE, has decided to take a closer look at the deal, approved in July by the agency's Superintendence. A global joint venture between Germany-based carmakers Mercedes-Benz, BMW and Volkswagen, as well as eight major auto parts firms including Bosch, ZF Friedrichshafen and Schaeffler, will face further scrutiny by the Brazilian competition authority....

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