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The European Commission Friday cleared Canadian auto parts firm Magna International Inc. (MGA) and German electronics firm Semikron Elektronik GmbH & Co. to form a joint venture making power supply parts for electric and hybrid cars.
The joint venture will be called Vepoint.
-By Matthew Dalton, Dow Jones Newswires; +32 (0)2 741 1 487; firstname.lastname@example.org