SOUTH AFRICA PRICE COLLUSION FINES CARTEL IMPACT
January 1st, 2005
BY STEVEN SWINDELLS, in Johannesburg
SOUTH Africa's move to slap fines on leading foreign car manufacturers for price collusion with dealerships is not expected to lead to a serious price war in the country's busy showrooms.
South Africa's Competition Tribunal decision to impose Rand 31.6 million (US$5 million) in collective penalties on leading manufacturers General Motors, Nissan, DaimlerChrysler, Citroën, Volkswagen came after an official investigation found evidence that manufacturers, including Toyota, imposed minimum resale prices on dealers, dealer ...
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