(AOF) – Aramis, a European player in the online sale of used cars to individuals, has announced an agreement to take over 100% of the capital and voting rights of Cazoo Trading Italy. This company, acquired with immediate effect, sells approximately 1,600 used vehicles to individuals per year for a turnover of approximately 30 million euros. The transaction does not give rise to any condition precedent, in particular anti-competition.
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Negotiations with builders
On average, equipment manufacturers represent between 60 and 85% of the manufacturing cost of a vehicle. According to the Federation of Vehicle Equipment Industries (Fiev), negotiations are very tense with manufacturers regarding the passing on of increased costs. The price increases concern both electronic components, raw materials, such as steel, nickel, lithium or palladium, energy and transport. Equipment manufacturers mainly negotiate with Stellantis and Renault to set up indices to pass on increases. They are also betting on innovation, differentiation, upgrading and internationalization.