Tag Archive | "Continental"

CONTINENTAL TO ENTER FILTRATION MARKET

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CONTINENTAL TO ENTER FILTRATION MARKET


Parts and technology group Continental have struck a deal with a filtration manufacturer to sell own brand filters across Europe.

The deal has been signed with Italy-based manufacturer UFI Filters and will officially launch at Automechanika Frankfurt in September of this year. Product will start shipping in January 2019.

Details of the product range have not yet been announced, but will  cover UFI’s all-makes programme of light vehicle fuel, oil, cabin and air filters. There is no word as yet on which, if any of the factor chains or buying groups will be stocking the product in the UK, and UFI has said that while the product ‘knows no borders’  a particular focus for Continental will be on the Germany, Austria, Switzerland, Benelux and Scandinavia markets.

“Our stated aim is to continue to expand our product portfolio for the automotive aftermarket under the renowned brand name Continental. To do this, we market only premium products that match our brand and that make sense for our customers,” said Peter Wagner, VP Aftermarket at Continental.

Giorgio Girondi, Chairman of UFI filters said:  “This agreement between two leading companies in the automotive aftermarket is a very important milestone in the history of UFI Filters. This strategic step by two premium brands shows that cooperation knows no geographical boundaries. That is crucial. We are really proud to see the UFI products in the renowned Continental branded box”.

UPDATE: UFI has confirmed that the agreement will cover markets across Germany, Austria, Switzerland, Benelux and Scandinavia only.

Georgio Girondi and Peter Wagner shake on UFI-Continental deal.

 

 

 

 

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SUPPLIERS FINED IN RECENT CARTELS

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SUPPLIERS FINED IN RECENT CARTELS


Another cartel has been exposed

The European Commission has fined OE suppliers Bosch, Continental and NGK a total of €151M, after participating in one or more of five historic cartels concerning the supplies of spark plugs, hydraulic and electronic brake system components to VMs in Europe.

The first cartel lasted from 2000 until 2011 and aimed at avoiding competition by respecting each other’s traditional customers and maintaining the existing status quo in the spark plugs industry in the European Economic Area.

The second and third related to the supply of various braking components including electronic parking brake systems between 2007 and 2011.

All suppliers acknowledged their participation in these cartels and agreed to settle the
case. Denso was also involved in the first cartel, but was not fined after revealing the existence of its cartel to the Commission. TRW also escaped fines altogether for disclosing the second and third cartels, while Continental avoided charges for one of the two cartels it participated in on the same grounds.

Commissioner Margrethe Vestager, who is in charge of competition policy said: “These cases are about collusion at the expense of car makers. But in the end, any extra costs these carmakers may have incurred could potentially be passed on to final consumers when they buy a car. So our work will help to make sure that those markets work fairly for consumers.” She concluded added: “Today’s decisions are unrelated to our investigation that several German carmakers might have broken EU competition rules. That is still ongoing”.

“We will be active in this area as long as we keep finding companies that hope to
make higher profits by colluding instead of competing.”

Previously, bearing suppliers and air conditioning component makers have been fined under the same anti-trust rules for colluding against vehicle manufacturers.

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