Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229 -91111. Fax: +32 229 -64301. E -mail: COMP -MERGER -REGISTRY@ec.europa.eu . 
  EUROPEAN COMMISSION  
Brussels, 29.5.2019  
C(2019 ) 4188 final  
PUBLIC VERSION  
To the notifying parties  
Subject : Case M.9355 - VW GROUP / INTEL / ALLIED HOLDINGS / JV  
Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) 
No 139/20041 and Article 57 of the Agreement on the European Economic Area2  
Dear Sir or Madam,  
1. On 3 May 2019 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which the undertakings 
Volkswagen  Finance Luxembourg S.A. (‘VWFL’, Luxembourg), controlled by 
Volkswagen AG (Germany) and belonging to the Volkswagen Group (‘VW Group’, 
Germany), Mobileye Vision Technologies Ltd . (‘Mobileye’, Israel), controlled by I ntel 
Corporation (‘Intel’, USA)  and Champion Motors Ltd . (‘Champion Motors’, Israel), 
controlled by Allied Holdings Ltd. (‘Allied Holdings’, Israel)  acquire within the meaning 
of Article s 3(1)(b) and 3(4) of the Merger Regulation joint control over the Joint Venture 
(‘JV’, Israel)  by way of pur chase of shares  in a newly created company constituting the 
joint venture .3 
2. The business activities of the undertakings concerned are:  
 for VWFL : an investment company and wholly owned subsidiary of Volkswagen AG, 
active worldwide in the development, manufa cture, marketing and sale of passenger 
cars, light commercial vehicles, trucks, buses, coaches, chassis for buses and diesel 
engines, motor bikes, each including spare parts and accessories as well as related 
financial and insurance services as well as mob ility and connectivity service solutions;  
 for Mobileye : active in the development of computer vision and machine learning, 
data analysis, localization and mapping for advanced driver assistance systems and 
autonomous driving. Mobileye is a subsidiary of Intel, a leading producer of 
semiconductor chips;  
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the 'Merger Regulation '). With effect from 1 December 2009,  the Treaty on the 
Functioning of the European Union ( 'TFEU ') has introduc ed certain changes, such as the replacement of 
'Community ' by 'Union ' and 'common market ' by 'internal market '. The terminology of the TFEU will be used 
throughout this decision.  
2  OJ L 1, 3.1.1994, p.  3 (the 'EEA Agreement '). 
3  Publication in the Official Journal of the European Union No C 165, 14.05.2019 , p. 38. 

2  for Champion Motors : the direct importer and distributor in Israel of the Volkswagen, 
Skoda, Audi and Seat brands. Champion Motors is a subsidiary of Allied Holding s, an 
Israeli investment holding company;  
 for the JV : a newly created joint venture which will operate a Mobility -as–a-Service 
(‘MaaS’) offer, more specifically a ride hailing service based on a fleet of electric self -
driving vehicles, in Israel.  
3. After examination of the notification, the European  Commission has concluded that the 
notified operation falls within the scope of the Merger  Regulation  and of paragraph 5 (a) of 
the Commission Notice on a simplified procedure for treatment of certain concentrations 
under Council Regulation (EC) No 139/2004 .4 
4. For the reasons set out in the Notice on a simplified procedure, the European Commission 
has decided not to oppose the notified operation and to declare it compatible with the 
internal market and with the EEA Agreement. This decision is adopted in application of 
Article 6(1)(b) of the Merger  Regulation  and Article 57 of the EEA Agreement . 
For the Commission   
  
  
(Signed)  
Johannes LAITENBERGER  
Director -General  
 
                                                 
4  OJ C 366, 14.12.2013, p. 5 .