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WesBank and Toyota Finance accused of collusion

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[ICYMI] WesBank and Toyota Finance accused of collusion

It's been found that Wesbank and TFS are involved in the provision of vehicle finance services.

This is after the two entities concluded a shareholder agreement clause that prevents them from competing. The agreement clause prohibits WesBank from offering vehicle finance to customers seeking to purchase vehicles at authorised Toyota dealerships.

 

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WesBank and Toyota Finance charged for collusionAn investigation by the commission revealed that WesBank and Toyota divided markets by allocating customers or suppliers.
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WesBank and Toyota Finance charged for collusionAn investigation by the commission revealed that WesBank and Toyota divided markets by allocating customers or suppliers.
Source: eNCA - 🏆 49. / 51 Read more »