Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

Europe


International Outlook: Global Wrapup

EUROPE

Why is the base price of a Ford Fiesta $10,870 in Greece but only $7,100 in Luxembourg? European Community trustbuster Leon Brittan thinks European carmakers' tight control of the distribution system is largely responsible.

Brittan would like to end the exemption from free-competition rules that keeps the prices up. Either that, or enforce a law that limits price variations between nations to just 12%. While the odds are against Brittan's prevailing, he got help from a recent EC court ruling that allows independent companies to buy new cars in cheap markets such as Belgium and resell them in high-priced ones such as France, Spain, and Britain.EDITED BY STANLEY REED


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus