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
-
Tesla’s Autopilot Feature Deemed Partly to Blame in Fatal Crash
The U.S. National Transportation Safety Board has concluded that Tesla Inc.’s semi-autonomous Autopilot feature was partly to blame for a crash 15 months ago that killed one of the carmaker’s customers.
-
China Prepares to Sanction U.S. Carmaker for Price Fixing
China is preparing to fine an undisclosed U.S. carmaker for ordering its distributors to fix prices beginning in 2014, according to China Daily. Media reports say General Motors Co. is the target.
-
U.S. Probes Possible Bosch Role in VW Diesel Scandal
The U.S. Dept. of Justice is investigating whether Robert Bosch GmbH aided Volkswagen AG in cheating on diesel emission tests, sources tell Reuters.