Law Volvo Car Corp. Sues Nippon Unit In U.K. Over Price Fixing Of Car Glass

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.
 
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600450 Law Volvo Car Corp. Sues Nippon Unit In U.K. Over Price Fixing Of Car Glass glassonweb.com
Date: 29 July 2010
Source: Bloomberg.com

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