SKF settles last carmaker lawsuit over ball bearings cartel

Release Time：04 Dec,2018

<p> <img alt="" src="http://www.bearing.com.cn/membcentre/editor/attached/image/20181204/20181204131919_83836.png" /> </p> <p> <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> </p> <p> <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> </p>