TITLE

Cheap Cars

PUB. DATE
March 2002
SOURCE
Management Services;Mar2002, Vol. 46 Issue 3, p22
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The European Union Competition Commissioner Mario Monti is expected to introduce a system that will replace the block exemption rule which expires in September 2002. The block exemption rule has allowed car makers to get around national and European Union competition laws for years by appointing dedicated dealers selling only their vehicles and thereby fixing dealers' prices. Monti intends to remove the artificial trade barrier and give dealers a greater measure of independence to sell vehicles of whatever make they choose. It would give dealers the opportunity to haggle with different manufacturers according to customer demand.
ACCESSION #
11577030

 

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