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Argentina: Autoparts association denounces Renault for abuse of dominant position

 |  October 16, 2018

Autoparts companies represented by the Association of Manufacturers of Autocomponents (Afac) will file a claim before the National Commission for the Defense of Competition (CNDC), for abuse of dominant position against Renault due to a conflict involving the adjustment of currency exchange rates in the calculation of contracts made using foreign currencies.

Pablo Camacho, manager of the Chamber of Metallurgical Industries, stated that: “It is something the Afac is considering carrying out, which involves those who are mostly suppliers and major systems suppliers (sic): brake systems, suspension systems. I can not point out that Renault is showing this behavior with all the autoparts makers, we have maintained contact with all terminals in Córdoba, to a greater and lesser extent” he said.

He clarified, in addition: “They are particular negotiations by companies, some companies have been accompanying this devaluation and these increases, and others are behind … With Renault we have been in contact and they are acting individually with each company, but it is an issue that concerns all those who are suppliers”, he warned.

Full Content: Cadena 3
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