Mitsubishi settles legal dispute with 11 UK grey importers
The dispute between Mitsubishi and 11 UK businesses has been settled. The dispute was about the import of vehicles from UK to the European Economic Area (EEA). The solution, the trade mark vehicles will now be placed in the market without any license from the company. The 11 opposing firms have finally settled on the agreement that all the vehicles that break the Mitsubishi’s trade mark rights will be ceased from EEA.
As an exception, those vehicles which are at least 3 years old from registration date and outside the EEA can be imported by the defendants. Thus the restrictions are more or less concentrated to non-EEA vehicles which are less than three years old. This settlement will not affect the trade of EEA market as vehicles can be traded in freely. Mitsubishi has by no means sought to confine this deal by the defendants or any other dealing.
The managing director confirms that there will be no negative effect on the market or dealers because of the non-EEA vehicles over three years old as per the used car warranty law. According to stats, 75% of Mitsubishi vehicles, imported into the UK from outside the EEA, are at least 10 years old and only 5% are less than five years old.
Tags: automobile-roadservice, car_warranty_law, used_car_warranty, warranty