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Bosch announced it will take over EM-motive, the 50-50 electric motor joint venture with Daimler, by acquiring Daimler's shares. The purchase price was not disclosed, and the deal is subject to antitrust approval.
Bosch is assuming full control of EM-motive GmbH, a joint venture with Daimler that manufactures electric motors, by acquiring Daimler's 50% stake.