The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture by German companies Dr. Ing. h.c. F. Porsche AG, a subsidiary of the Volkswagen group, and Schuler AG of the Andritz group, to build and operate a metal press plant in Germany.

The Volkswagen group is active globally in the manufacture and supply of motor vehicles and their components through several companies including Porsche, as well as related financing and insurance services. Schuler is ...