SKF settles last carmaker lawsuit over ball bearings cartel
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<span style="color:#000000;font-family:Arial;font-size:12px;">The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke</span><br />
<span style="color:#000000;font-family:Arial;font-size:12px;">STOCKHOLM (Reuters) - SKF (SKFb.ST) has reached a settlement with Daimler (DAIGn.DE) over the Swedish engineering group¡¯s alleged participation in a ball bearings cartel, drawing a line under its disputes with automakers over this issue.</span>
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<span style="color:#000000;font-family:Arial;font-size:12px;">The world¡¯s largest maker of industrial bearings was sued by three carmakers after European Union antitrust regulators in March 2014 fined it and other suppliers a total of 953 million euros ($1.1 billion) for taking part in a ball bearings cartel.</span>
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04 Dec,2018
