EU Launches Tyre Price Fixing Investigation

As the EU launched a price fixing investigation into a number of major tyre manufacturers, hauliers are being advised to keep records of tyres purchases in lieu of any possible claims, writes Carol Millett.

The warning from Jonathon Backhouse, director of law firm Backhouse Jones, follows raids carried out in February by EU anti-trust regulators at the offices of major tyre manufacturer Michelin, Bridgestone, Continental, Goodyear, Pirelli and Nokian Tyres. All six companies have confirmed their offices have been raided.

In a statement on the investigation, the European Commission said it has ‘concerns that the inspected companies may have violated EU anti-trust rules that prohibit cartels and restrictive business practices (Article 10 of the Treaty on the Functioning of the European Union)’.

Jonathon Backhouse recommend ‘hauliers keep records of all tyres purchased, as having those records makes any claim in the future that much easier’.

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