Date: 29 July 2010
Business Exchange Twitter Delicious Digg Facebook LinkedIn Newsvine Propeller Yahoo! Buzz Print Volvo Car Corp. sued a Nippon Sheet Glass Co. unit in London over its involvement in a car-glass price-fixing cartel that ended two years ago with European Union fines of 1.4 billion euros ($1.82 billion.) The carmaker is seeking “substantial” damages from Nippon’s Pilkington Group Ltd. unit for charging too much for windshields and other car glass from 1998 to 2003, Volvo’s law firm Hausfeld & Co. said today in a statement.
The lawsuit was filed July 2 in the High Court in London, records show.
“The car-glass cartel was fined at record levels” by the European Commission “and caused substantial damage to Volvo and others in the struggling car industry,” Anthony Maton, a lawyer with Hausfeld in London, said in the statement.
Read more here.
Bloomberg.com
2010-07-29T13:00:00
Law Volvo Car Corp. Sues Nippon Unit In U.K. Over Price Fixing Of Car Glass
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