Volvo Sues Pilkington for Price-Fixing, Attorney
July 28, 2010
Volvo Car Corp. announced this week that it has filed a suit in
the High Court in London against Pilkington Group Limited for its
alleged involvement in a five-year price-fixing cartel, according
to a report from Volvo counsel, Hausfeld & Co. LLP. The car
manufacturer says it is seeking damages for the illegally
inflated prices charged for car glass over the period of the cartel.
Pilkington was fined $464 million (U.S. dollars) in November 2008,
for illegal market sharing and exchange of commercially sensitive
information regarding deliveries of auto glass in the European Economic
Area, along with Asahi, Saint-Gobain and Soliver. (CLICK
HERE for related story.)
The car glass cartel was fined at record levels by the Commission
and caused substantial damage to our client Volvo and others in
the struggling car industry, says Anthony Maton of Hausfeld.
Volvo has therefore instructed us to recover the significant
financial losses it suffered due to these inflated prices over a
period of five years and hopes that Pilkington will take a responsible
and commercial view in recognizing its liability to Volvo.
At press time, representatives from Pilkington parent company NSG
Group were unable to comment.
"Pilkington has not yet had a chance to examine the relevant
papers," said company spokesperson Yohko Minowa in an e-mailed
statement on July 29. "It is therefore not appropriate for us
to make any comment at this stage."
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