Word: spanner
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Dates: during 2000-2009
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...expected to halve before 2010. And for those that remain, profits from after-sales - representing more than half a typical dealer's gain - may be hard hit. The new laws allow independent repairers to gain "authorized" status from manufacturers, giving them access to technical specifications previously off-limits. A spanner in the works for carmakers. Forging Ahead Canadian aluminum maker Alcan won European and U.S. regulatory approval for its 34 billion bid for French rival Pechiney after agreeing to spin off assets to satisfy the authorities' concerns. The go-ahead clears the way for the creation of the world...