Risk Factors Update Summary
- Sales of OEM parts have increased by $1,313 million, impacting our aftermarket business significantly.
- Duties have increased on some products imported into the U.K., affecting our financials.
- The European Commission clarified that vehicle sensor data is an 'essential input' for repair services.
- The MVBER is expected to be extended for 5 years, providing clarity on automotive spare parts competition rules.
- Our debt outstanding has changed, with unsecured fixed-rate debt increasing to $2,228 million.
- Failure to comply with covenants could restrict business operations and impact financial results.
- Legislation on climate change and tax laws may impact our operations and effective tax rate.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1065696&owner=exclude
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