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01 Nov
18:28

Cliffs/USS merger would be anti-competitive: auto group

A group of automakers is taking a stand against a potential merger of US Steel and Cleveland-Cliffs, warning that such a combination would be anti-competitive, Kallanish learns. .  In a letter to Congress and regulators, the Alliance for Automotive Innovation (AAI) argues that the merged entity would control too much of the automotive steel market, threatening to increase costs for manufacturers. The group, representing Hyundai, General Motors, Toyota Motor a…
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