19. 8. 88 Official Journal of the European Communities No L 230/39 (Acts whose publication is not obligatory)  COMMISSION COMMISSION DECISION “of 20 July 1988 relating to a proceeding under Article 85 of the EEC Treaty (IV/31.902 — IVECO/FORD) (Only the English and Dutch texts are authentic) (88/469/EEC) f i THE COUNCIL OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European  Economic Community, Having regard to Council Regulation No 17 of 6 February . 1962, First Regulation implementing Articles 85 and 86 of the Treaty ('), as last amended by the Act of Accession of Spain and Portugal, and in particular Articles 6 and 8 thereof, . Having regard to the notification of agreements on a joint arrangement relating to heavy vehicles made on 24 June 1986 by the Ford Motor Company Ltd, Brentwood, Essex, United Kingdom, and Iveco Industrial Vehicles Corporation BV, Amstelveen, The Netherlands, Having regard to the summary of the - notification published () in accordance with Article 19 (3) of Regulation No 17, Having consulted the Advisory Committee on Restrictive Practices and Dominant Positions, Whereas : 1. THE FACTS (1)  The proceeding relates to an agreement between two motor vehicle manufacturers in the heavy vehicle sector on the setting up of a joint venture () OJ No 13, 21. 2. 1962, p. 204/62. () OJ No C 287, 27. 10. 1987, p. 10. @ &) ) to take over Ford’s previous manufacture of the ‘Cargo’ line and to market the latter together with Iveco heavy vehicles in the United Kingdom. The parties The Ford Motor Company Ltd (Ford UK) is a subsidiary of the Ford Motor Company, Dearborn, Michigan, United States (Ford USA), and the only Ford Group company in Europe which manufactures and distributes heavy vehicles; the only heavy vehicle it produces being the Cargo line, in the 6 tonnes and above gross vehicle weight range. Outside Europe, the Ford Group still produces heavy vehicles in the United States and Brazil. Iveco Industrial Vehicles Corporation BV (Iveco) is a holding company within the Fiat Group; its subsidiaries include Iveco-Fiat SpA, Turin, Italy ; in the heavy vehicles sector, Iveco produces vehicles in the 3,5 tonnes and above gross vehicle weight range. ) The joint venture, Iveco-Ford Truck Ltd, (the JV), was set up with an initial equity of 39,6 million pounds sterling and its registered office in Watford, United Kingdom. Ford UK and Iveco each have a 48 % holding, the remaining 4 % being held by Credit Suisse First Boston Ltd, London.