European Commission to start an investigation on DuPont and Honeywell over car-refrigerant claim

Article by Christian A., on December 17, 2011

The European Commission is expected to start an investigation on DuPont Co. and Honeywell International Inc. over a claim that they breached antitrust rules when they hid being the owners of patents for the refrigerant for car air-conditioning systems before the industry decided to use it as standard.

Sources said that Honeywell and DuPont hope to see growth from the jointly developed technology that is meant to meet EU’s environmental rules to reduce greenhouse gases from air-conditioning systems.

DuPont boasted to investors that the low-emission refrigerant pledges to have "nice growth and some healthy margins." Honeywell's specialty chemicals division said that coolants are expected to aid in attaining “extremely solid" profits.

According to EU Competition Commissioner Joaquin Almunia, he wanted to open "a high-profile case on standards" to follow an investigation into standards in the banking industry.

What regulators are seeking is to ensure that intellectual property rights "are used to reward inventions and motivate innovation and not as tools to foreclose access for expansion in markets."

DuPont’s spokeswoman Janet Smith said the company is responding to inquiries made by the European Commission with regards to the competitive dynamics and intellectual property landscape about the refrigerant. [source: Bloomberg]

Topics: europe

If you liked the article, share on:

Comments

Recommended

An RHD (right hand drive) BMW M4 DTM Champion Edition has been listed to be for sale by Romans International, UK’s leading supercar dealership. The first owner of this rare...
by - May 24, 2017
Audi will be offering something exciting for its United Kingdom market. The company announced that it will be adding new features as standard to the A4 range. It also confirmed...
by - May 24, 2017
You guys are probably aware of the collaboration between Mercedes-Benz and Renault-Nissan. Knowing this, you would expect that both companies will come up with something impressive. Sources say that the...
by - May 24, 2017
Amongst all sports cars on the planet, which one is the world’s best-selling model? Would you have guessed that it is the Ford Mustang? According to IHS Markit’s global automotive...
by - May 24, 2017
It’s not a bird. It’s not a plane. It’s Kris Singh’s blue carbon flying machine! Time stood still for a few minutes after the extremely rare Pagani Huayra BC Macchina...
by - May 24, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries