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Pingo Doce Sues $ 20.4 Million Fine From Competition Authority – Executive Digest



Pingo Doce Sues $ 20.4 Million Fine From Competition Authority - Executive Digest

Pingo Doce today guaranteed that a € 20.4 million fine imposed by the Competition Authority for participating in pricing scheme and said that he would “appeal to the court” against this decision.

“Since he strongly disagrees with this decision, which he considers completely unfounded and deeply undeserved in light of the consistent work he is doing to offer the best prices and best promotions to Portuguese consumers on a daily basis, Pingo Doce will challenge this decision in court and use all the means at his disposal to protect his reputation and restore the truth, ”says a note sent to Lusa in the supermarket chain of the Jerónimo Martins group.

On Wednesday, AdC announced more than € 92.8 million in fines on SuperBock, Modelo Continente, Pingo Doce, Auchan, ITMP (Intermarché Portugal) and two individuals for the price fixing scheme.

Also on Wednesday, Super Bock Bebidas also waived the fine imposed by the Competition Authority, ensuring it complies with the law and appeals to the competition court.

The Competition statement explains that “the investigation allowed us to conclude that through contacts established through a common supplier, without the need to communicate directly with each other, the participating companies ensured the agreement of the PVP. [Preço de Venda ao Público] in their supermarkets, in a conspiracy equivalent to the cartel known in antitrust terminology as “spokes and spokes”.

As noted by AdC, this practice eliminates competition and deprives consumers of better pricing options, “providing a higher level of profitability for the entire distribution chain.”

In a note published today, Pingo Doce confirms that “he was notified of the decision in the process taken by the Antimonopoly Office, which resulted in a fine of € 20.4 million.”

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Among the various companies targeted, Super Bock Bebidas received the highest fine (€ 33.296 million), followed by Modelo Continente Hipermercados (€ 27.48 million), Pingo Doce (€ 20.362 million), Auchan Retail Portugal (€ 3.463 million) … and ITMP Food (€ 8.265 million).

There are also fines of € 423 and € 113 for two individual Modelo Continente managers.

“In this case, the AdC investigation found that the practice lasted more than 12 years, from 2003 to 2016, and targeted several Super Bock products, including Super Bock, Carlsberg, Cristal and Cheers beer, Vitalis Waters and Água das Stones, and also Somersby cider, ”AdC said.

Competition demanded an “immediate end” of the practice, given that the possibility could not be ruled out that the behavior in question was still ongoing.

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Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners



Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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The first Dacia hybrid. “The cheapest hybrid family on the market”



The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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See how Tesla tests its electric Semi truck in the worst-case scenarios



Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.

Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

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high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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