Stellantis’ 771 million euro ($854 million) London lawsuit against two safety equipment makers began on Tuesday, with the European carmaker arguing long-running cartels led to it being overcharged for roughly a decade.
The automaker, which was formed by the 2021 merger of Fiat Chrysler Automobiles and PSA Group, is suing Autoliv and ZF/TRW for allegedly charging higher prices for seatbelts, airbags and steering wheels.
Sweden’s Autoliv and TRW – which was bought by German rival ZF Friedrichshafen in 2014 – were found by the European Commission to have participated in cartels, relating to products sold