Tofaş definition

Tofaş means Tofaş Türk Otomobil Fabrikası A.Ş. and companies which are controlled directly or indirectly, jointly or individually by Tofaş Türk Otomobil Fabrikası A.Ş. and the companies listed in its consolidated financial report.
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Examples of Tofaş in a sentence

  • The vehicles produced at Tofaş facilities were sold to Fiat and Peugeot with transfer prices, and the undertakings distributed the vehicles independently from each other.

  • Fiat – Peugeot,427 the Board assessed the exemption request for the “Product Development and Manufacturing Agreement” between Tofaş Türk Otomobil Fabrikası A.Ş. (“Tofaş”), Fiat Auto S.p.A. (“Fiat”) and Peugeot Citroën Automobiles SA (“Peugeot”).

  • The Board defined the agreement as a “horizontal cooperation agreement” since the parties to the agreement–Fiat, Peugeot and Tofaş – are in competition with each other in several product markets.

  • Similarly in Tofaş,712 regarding the quantitative selective distribution systems that will be applied by Tofaş for after-sales services and spare parts of Fiat, Alfa Romeo, Jeep, and Lancia branded vehicles, the Board indicated that market shares of Tofaş do not 709 Ford (21 August 2013, 13-48/671-287); Ankara 6th Administrative Court’s decision (31 December 2014, E.

  • The Board stated that the agreement consisted of two stages, consisting of the development and the production of a vehicle, since the aim of the cooperation between the undertakings was to develop a light commercial vehicle and produce it at Tofaş facilities for seven years.