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Announced Actions for October 30, 1998
Agency: Federal Trade Commission
Date: 30 October 1998
[Non-automotive content removed.] |
Applications for approval of transactions: The FTC has received applications for approval of transactions from the following entities. The FTC is seeking public comments on the applications for 30 days, until November 30, 1998.
- Federal-Mogul has submitted an application to divest the thinwall bearings assets it acquired in its purchase of T&N, plc to Dana Corp. The divestiture is required under the terms of a consent order that settles FTC charges that the merger of Federal-Mogul and T&N, the two leading producers in the world in four different thinwall bearings markets, would violate antitrust laws. Comments on these applications should be addressed to the FTC, Office of the Secretary, 6th and Pennsylvania Avenue, N.W., Washington, D.C. 20580. (See news release dated March 6, 1998; FTC File No. 981 0011. Staff contact is Roberta Baruch, 202-326-2861.)
Consent agreements given final approval: Following a public comment period, the Commission has made final a consent agreement with the following entity. The Commission action makes the consent order binding on the respondent.
- A final order against Fair Allocation System, Inc. will prohibit this association of 25 automobile dealerships in five Northwest states from boycotting or threatening to boycott automobile manufacturers or consumers. The order settles charges that the dealers had collectively threatened to boycott Chrysler Corporation and Chrysler owners seeking warranty service unless Chrysler modified its distribution system. In particular, the dealers sought restrictions on the number of vehicles available to competing dealers offering low prices and marketing on the Internet. The Commission vote to make the order final was 4-0. (See news release dated August 5, 1998; FTC File No. 971 0065; Staff contact is Charles A. Harwood, 206-220-4480.)
Copies of the documents referenced above are available from the FTC's web site at http://www.ftc.gov and also from the FTC's Consumer Response Center, Room 130, 6th Street and Pennsylvania Avenue, N.W., Washington, D.C. 20580; 202-326-3128; TTY for the hearing impaired 1-866-653-4261. To find out the latest news as it is announced, call the FTC NewsPhone recording at 202-326-2710.
- Media Contact:
- Office of Public Affairs
202-326-2180
Topic: Federal-Mogul