Following the news that the UK Competitions and Market Authority (CMA) has opened an investigation into Yokohama’s acquisition of Trelleborg Wheel Systems (TWS), Trelleborg representatives have clarified that – in their view – “…there are no reasons why this deal should not be approved.”
The Competition and Markets Authority (CMA) has opened an investigation into the proposed merger of Yokohama Rubber Co. Ltd of Trelleborg Wheel Systems Holding AB (TWS). Writing in a statement published on 31 January, CMA officials stated that “pursuant to section 96(2A) of the Act that the merger notice provided by Yokohama [and TWS]…” meets “the requirements of section 96(2) of the [relevant] Act.” In other words, the CMA investigation is a formality for a merger of this kind.
Double Coin has expanded its distribution infrastructure in the USA with the addition of a new warehouse in Houston, Texas. The new facility, Double Coin’s largest warehouse in North America, began operations on 15 September 2020. It includes office space, 29 dock doors and two drive up ramps. According to the company, the warehouse will serve the growing demand for Double Coin’s comprehensive range of truck and OTR tyres.
Euro Car Parts has welcomed the decision by the Competition & Markets Authority (CMA) to give approval to its proposed acquisition of Andrew Page, subject to the divestment of nine branches. The 9 branches are: Blackpool, Brighton, Gloucester, Liphook, Scunthorpe, Sunderland, Wakefield, Worthing and York. Swindon had also been identified during the provisional findings stage, but new evidence came to light which resulted in the group deciding that competition would not be affected in this area.
Claims Management & Adjusting (CMA) has called on Highways England to urgently review the arrangements for clearing debris from UK motorways following a worrying rise in “swerve to avoid” and “tyre blowout” related claims.
The final requirements of the Competition and Market Authority’s (CMA) Private Motor Insurance Order were brought into effect on 1 August. It is claimed that the requirements, which apply to all providers of private motor insurance, have been put into place to reduce premiums for drivers. However, RMI Bodyshops (NAB & VBRA) feel that the requirements are not, in themselves sufficient to reduce premiums.
The Vehicle Identity Check (VIC) scheme that is required before repaired write-offs are allowed back on the road is to be abolished from 26 October 2015.
Steve Buissinne; Pixabay