Mexican Media Brands
Daimler Sues SKF to Recover Price-Fixing Costs
Daimler AG is suing Swedish ball bearing supplier SKF Group to recover €59 million in overpayments, the supplier says.
#legal
Share
Daimler AG is suing Swedish ball bearing supplier SKF Group to recover €59 million in overpayments, the supplier says.
The lawsuit stems from a European Commission ruling in 2014 that SKF and five other bearing manufacturers conspired to manipulate prices for products they supplied to multiple carmakers between 2004 and 2011. The EC levied fines totaling €953 million ($1.1 billion) against five of the suppliers, including €315 million against SKF.
The company said last November it was being sued by BMW AG for compensation resulting from the EC decision. SKF insists the actions for which it was sanctioned “have not caused any damage to its business partners.”
RELATED CONTENT
-
Dealers Claim FCA Falsified Sales Reports
Two dealerships outside Chicago have filed a federal lawsuit claiming Fiat Chrysler Automobiles NV offered them cash to report unsold vehicles as sold, Automotive News reports.
-
Uber Settles with Family of Woman Killed in Self-Driving Car Crash
Uber Technologies Inc. has quickly settled on damages to the survivors of a woman killed in Tempe, Ariz., last week by an Uber test vehicle operating in autonomous mode.
-
Tesla Faces Second Autopilot Fatality Lawsuit
Tesla Inc. has been sued for the second time in three months by families of drivers killed in crashes while using the company’s Autopilot semi-self-driving feature.