EU regulators to rule on German, U.S. car parts deal by February 26

Reuters

Updated 23 January 2015 at 8:05 am

BRUSSELS (Reuters) - European Union antitrust authorities will decide by Feb. 26 whether to approve German car parts maker ZF Friedrichshafen's [ZFF.UL] $13.5 billion (9.01 billion pounds) bid for U.S. rival TRW Automotive Holdings Corp .

The European Commission said on its website on Friday that it launched a review of the deal on Jan. 22. The transaction will give the companies an edge in technologies for self-driving cars.

TRW, a leading maker of car safety products such as brakes and air bags, counts as its clients Ford Motor Co , General Motors , Volkswagen AG and other car makers.

ZF Friedrichshafen supplies chassis components to companies including Audi AG and BMW .

(Reporting by Foo Yun Chee; Editing by Elaine Hardcastle)

Australian Associated Press
Bombers face Anzac Day litmus test against Magpies
Essendon captain Zach Merrett says Anzac Day will show them how far they have come since Collingwood mauled them at the end of last season.
59 minutes ago
Australian Associated Press
GWS star Hogan cleared by tribunal, free to face Lions
GWS star Jesse Hogan is free to take on the Brisbane Lions after his striking suspension was dismissed by the AFL tribunal.
an hour ago
Australian Associated Press
Australia backs report on Palestine aid agency
An independent report that revealed Israel had not provided evidence of links between Hamas and a UN relief agency in Palestine has been welcomed by Australia.
an hour ago
Australian Associated Press
Woman's hospital death from over-sedation 'preventable'
Pukumani Alimankinni died in a secure mental health ward at Royal Darwin Hospital after nursing staff did observations by CCTV, an inquest has heard.
an hour ago
Australian Associated Press
Re-signing Foran a must for Titans jigsaw: Sattler
Kieran Foran wants to play a 17th season in the NRL and has backed Shaun Johnson to play a 15th as the two champion playmakers prepare to clash on the field.
2 hours ago
Australian Associated Press
Mariners forward Torres charged with sexual assault
Central Coast Mariners forward Angel Torres has been charged with sexual assault and stood down from team duties.
2 hours ago
Australian Associated Press
Victim's family 'justifiably angry' over bailed accused
Daniel Billings allegedly murdered his ex-girlfriend while on bail facing a string of violent charges, including raping and stalking her, a court has been told.
2 hours ago
Yahoo News Australia
Couple fume at 'eyesore' built in front of waterfront property
The couple were given no heads up before workers appeared in front of their home to construct the almost two-metre structure.
2 hours ago
Australian Associated Press
Sharks in limbo as Trindall 'fails roadside tests'
Cronulla NRL star Braydon Trindall has allegedly failed roadside drug and alcohol tests, with the club standing the playmaker down with immediate effect.
2 hours ago
Australian Associated Press
Irankunda dreams of Socceroos despite Olyroos snub
Nestory Irankunda says he wanted to join the Olyroos for the U23 Asian Cup but is still dreaming of playing for the Socceroos despite the disappointment.
2 hours ago
Australian Associated Press
'Predatory' behaviour led to Indigenous teens' deaths
The 1987 deaths of two Indigenous teenage girls would likely have been better investigated had the girls been white, a state coroner has concluded.
2 hours ago
Australian Associated Press
Mam proud of stance on slur, prepared to meet Leniu
Brisbane No.6 Ezra Mam has broken his silence on Spencer Leniu's racial slur, saying he has no regrets about how he handled it, and he is open to meeting Leniu.
3 hours ago
Australian Associated Press
Off-contract Petaia eyes season-ending shoulder surgery
Queensland Reds and Wallabies back Jordan Petaia will likely have shoulder surgery that will bring an early end to the season for the off-contract talent.
3 hours ago
Australian Associated Press
Arthur's 'part-time footy team' barb stokes Eels' fire
Parramatta prop Junior Paulo says coach Brad Arthur was right to call out the Eels squad for their lacklustre performance against the Dolphins.
3 hours ago
Australian Associated Press
Taiwan rattled by dozens of quakes, no major damage
More than 200 aftershocks have shaken Taiwan weeks after a major 7.2 magnitude earthquake killed at least 17 people.
3 hours ago
Australian Associated Press
Government seeks to dismiss tower residents' court case
The Victorian government says a tenant of one of Melbourne's 44 public housing towers has no real prospects of winning a legal fight against their demolition.
3 hours ago
Australian Associated Press
CBD to be shut down for fatal bus crash re-enactment
Brisbane's CBD will be shut down on the weekend as authorities carry out a re-enactment of a bus crash that killed a young woman to investigate the cause.
3 hours ago
Australian Associated Press
Truckie to face trial on fewer school bus crash charges
Truck driver Jamie Gleeson, 50, has been committed to stand trial in the Victorian County Court, charged over a crash that left students seriously injured.
3 hours ago
Australian Associated Press
Dumping of second city injection room 'will cost lives'
A second supervised injecting room will not be built in Melbourne, after the state government rejected a report recommending one for the CBD.
3 hours ago
Australian Associated Press
Senators want property tax reforms back on the agenda
Modest tax changes could save the budget billions and help "turn the ship around" for first-home buyers, senators David Pocock and Jacqui Lambie say.
3 hours ago

Latest stories