Michelin suspected of abuse of market power

Pharma

Tire manufacturer Michelin is suspected of abusing its market power in France by the French Ministry of Finance who has given the case to the competition council.

Michelin informed its distributors at the end of 2007 that it would cut commercial advantages to distributors linked directly or indirectly to a rival tire maker, French daily Le Figaro reported.

Le Figaro said tire distributor Vulco, which is linked to Michelin's US rival Goodyear, complained to DGCCRF (the General Directorate for Fair Trading, Consumer Affairs and Fraud Control), a unit of the Ministry of Finance.

The Ministry of Finance and Michelin had no immediate comment. (Reuters)

ADVERTISEMENT

PMI rises to 57 in June Analysis

PMI rises to 57 in June

Lawmakers postpone expanded data provision for tourism secto... Parliament

Lawmakers postpone expanded data provision for tourism secto...

Tihamér Tóth appointed European Court judge Appointments

Tihamér Tóth appointed European Court judge

Budapest City Council to take out HUF 32 bln development loa... City

Budapest City Council to take out HUF 32 bln development loa...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.