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Competition and Markets Authority opens Yokohama/Trelleborg Wheel Systems merger investigation

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Steve Buissinne; Pixabay

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.

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Hankook Tire raided in unfair trading investigation

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Prosecutors raided the offices of Hankook Tire & Technology Co. on 24 November as part of an investigation into alleged “unfair intra-affiliate trading”. According to the South Korean Yonhap news agency, investigators from the Seoul Central District Prosecutors Office seized documents from “the headquarters and offices of its affiliates in connection with suspicions of unfair business practices among the group’s affiliates”. Yonhap also reported that prosecutors specifically searched the office of Cho Hyun-bum, the chairman of Hankook Tire.

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  1. South Korean Agency Believes Hankook Factory Deaths Linked
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Continental included in tyre cartel investigation

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The Competition Commission of India (CCI) investigation into alleged cartel activities and anti-competitive behaviour doesn’t exclusively focus on local tyre makers. Stock exchange Börse Frankfurt shares news from the German Press Agency (dpa) regarding the visit of CCI officials to a site operated by Continental AG in the city of Faridabad. The statement shares that Continental is “cooperating fully with the authorities” but does not want to comment on the details of this ongoing investigation.

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Related news:

  1. Indian competition body searches tyre makers’ premises
  2. India’s tyre makers meet government to talk rubber prices
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31 waste crime sites targeted by SEPA, BBC Disclosure programme

SEPA

At the end of January, Scottish Environment Protection Agency (SEPA) staff and their work tackling waste crime were featured as part of investigative journalism programme BBC Disclosure. The programme entitled ‘Dirty Business’ highlighted problems associated with unregulated ‘man with a van’ flytipping to large scale illegal activities with links to serious organised crime such as abandoned lorry trailers bursting with up to 41 tonnes of waste.  SEPA launched a dedicated intelligence and enforcement function in October 2019 to deal with those types of growing activities. 

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Dieselgate probe: Continental ends relationship with CFO Schäfer

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During an extraordinary meeting held yesterday, the Continental AG Supervisory Board agreed to mutually terminate Wolfgang Schäfer’s appointment as chief financial officer and member of the company’s Executive Board, effective immediately. Continental states that Schäfer’s departure from the company is linked to investigations by the public prosecutor’s office in Hannover, Germany, into the use of illegal defeat devices in diesel engines and shortcomings from Continental’s side in the ongoing investigations.

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China starts anti-dumping probe into EU rubber imports

At the end of August China’s Ministry of Commerce began a year-long anti-dumping investigations into imported hydrogenated butyl rubber from the European Union, the United Sates and Singapore.

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Anti-dumping – EC to investigate Chinese tyre imports to Europe

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The European Commission has issued notice that it will initiate an anti-dumping proceeding focusing on imports of truck and bus tyres originating in the People’s Republic of China. The Commission is taking this course of action as a result of a complaint received on 30 June by the “coalition against unfair tyres imports,” a group representing the interests of manufacturers who account for more than 45 per cent of all new and retreaded truck and bus tyre production in the European Union.

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NBRA backs ICO’s on-going search warrants

The National Body Repair Association (NBRA) stated that it is “pleased” that the Information Commissioner’s Office (ICO) has carried out further search warrants at properties in Manchester and Cheshire, as part of an ongoing investigation. The search warrant is part of an ongoing investigation by the ICO relating to nuisance calls that encourage people to make personal injury claims about road traffic accidents being linked to the theft of data from car body repair centres.

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VAT irregularities: Italian internet tyre retailer under investigation

According to information from our colleagues at PneusNews, Italian authorities are taking a closer look at online tyre retailer Euroimport Srl following allegations that VAT irregularities are enabling the company to offer tyres on its www.euroimportpneumatici.com platform at much lower prices than those of its competitors.

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RMI Bodyshops investigates ‘potentially serious breaches of confidentiality’

For several months, RMI Bodyshops (NAB & VBRA) has been undertaking an investigation into a potentially serious breach of repairer management systems confidentiality and the apparent release of personal data to third party legal firms and accident management companies.

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Aeolus Tyre fined for falsifying 2011, 2012 financials

In a Chinese-language statement submitted to the Shanghai Stock Exchange on 9 January, Aeolus Tyre Co. Ltd reports that the Henan office of the China Securities Regulatory Commission has fined the company for falsifying its financial results for the 2011 and 2012 fiscal years.

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Mechanic swapped car parts

Alexander Keating, 23, of Widnes, stole a gearshift knob, steering wheel, brake callipers and other parts from a brand-new Audi A3 that he had hired and swapped them with the same component parts from his ageing S3. He has been fined £2,000 and sentenced to complete 200 hours of community service for the crime.

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Pirelli to appeal EC cable cartel fine

Pirelli & C. S.p.A states that it will appeal the European Commission’s decision regarding cable cartel activity. While the Commission does not directly name Pirelli as a participant in an alleged cartel in the underground and submarine power cable market, it deems the Italian company “jointly and severally liable” as Pirelli owned alleged cartel protagonist Prysmian Cables and Systems (formerly Pirelli’s Cables and Systems division) until 2005, and therefore “exercised a decisive influence” over the business for the first six years of the decade-long cartel. The European Commission has imposed a shared fine of €67.31 million on Pirelli and Prysmian.

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Police target battery thieves

British Transport Police installed a dedicated team of investigators with analytical and research support and all available specialist assets as required in what was named ‘Operation Amelia’. Lead acid battery theft has been going on for years as thieves seek to profit from the value of lead contained within the batteries.

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Arrest made in connection with Yorkshire tyre fire

North Yorkshire Police confirm that a 51-year old man has been arrested as part of the investigation into the fire that began at Newgen Recycling in Sherburn-in-Elmet on 16 January. Police describe the man as ‘local’ and say he has been released on police bail pending further enquiries.

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