OECD WARNS OF GROWING SAFETY RISKS REGARDING AUTO PARTS COUNTERFEITING
November 1st, 2007
BY KEITH NUTHALL
COMPANY car fleets that use independent garages for repairs are increasingly risking their vehicles being fitted with counterfeit parts that could break down, causing road accidents - the world's largest think tank has claimed.
A detailed report from the Organisation for Economic Cooperation & Development (OECD) has cited the US Federal Trade Commission claiming counterfeiting costs the global automotive parts industry US$12 billion a year. It also cited analysis that counterfeiting-related annual losses incurred by the Japanese machinery ...
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