FTC & Online Auto Parts
NPR's Jack Speer reports the Federal Trade Commission has given the auto industry a green light on its plan to set up a massive online marketplace for buying auto parts. DaimlerChrysler, Ford, GM, and Nissan as well as more than a dozen parts suppliers are involved. The FTC had been concerned that such an alliance among competitors could lead to collusion and price signaling, but approved the plan in a unanimous vote.
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