UK competition watchdog to study car warranties

Newswire

LONDON, June 30 (Reuters) - Britain's competition watchdog launched an investigation into warranties for new cars on Monday -- a business it said could be worth more than a billion pounds ($1.6 billion) a year to garages in linked servicing agreements. "Our study will look at how the car servicing market is affected by the warranties offered with new cars, particularly when servicing is tied to a franchised network. It will examine the pros and cons for purchasers," Office of Fair Trading ...

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