Word: antitrust
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USED-CAR DEALERS are squaring off for a major court battle with new-car dealers. As a test case, the National Used Car Dealers Association is backing a Wichita member's antitrust suit charging 12 franchised new-car dealers with price-fixing, and accusing them of threatening newspapers with ad cancellations if they accepted ads from...
ANTI-BOOTLEGGING bill, introduced in Congress to stop dealers from dumping new cars at cut-rate prices, will probably be pigeonholed. Federal Trade Commission came out against the bill, arguing that it would violate the principle of antitrust laws...
...RUBBER and Britain's Dunlop Rubber Co. Ltd. have made peace with the Justice Department after six years of fighting a suit charging them with a cartel to divide up world markets in natural latex, rubber thread and elastic yarn. Though U.S. Rubber denies violating the antitrust laws, it has signed a consent decree promising to make its patents available to competitors at reasonable fees, and to manage separately companies jointly owned with Dunlop...
...prices. For one thing, the Justice Department is already looking into the auto industry, worried because Ford and G.M. have gobbled up 83% of the auto market in their production race. Any price cut would only hurt such staggering independents as Studebaker, Hudson and Kaiser even more, and bring antitrust agents to Detroit at a dead...
AUTOMAKERS' campaign to stop dealers from bootlegging new cars at wholesale prices has fallen flat. General Motors, which planned to buy back unsold 1954 cars to prevent their being dumped on the used-car market, has dropped the idea. The Justice Department warned that it might violate antitrust laws...