Other car makers and insurers prepare “cartel” claims
Swedish carmaker Volvo is suing UK glass maker Pilkington for “significant” damages for price-fixing alleging that it was overcharged for windscreens and sun roofs because Pilkington was in a cartel, the Times reports.
The High Court action follows a European Commission inquiry that led to record fines of €1.4bn against Pilkington and three other companies in 2008.
Volvo’s lawyers said it had suffered “substantial” losses as a result of its suppliers inflating the cost of glass and Volvo was pursuing “significant” damages from Pilkington. Other car manufacturers and insurers are also said to be preparing claims.
Pilkington did not comment.
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