Business News
SKF settles Daimler lawsuit over European ball bearings cartel
[ad_1]
The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke
STOCKHOLM (Reuters) – SKF (SKFb.ST) has reached a settlement with Daimler (DAIGn.DE) more than a year after the German automaker sued the Swedish engineering group over its alleged participation in a ball bearings cartel.
SKF, the world’s largest maker of industrial bearings, was sued by Daimler after European Union antitrust regulators in March 2014 fined SKF and other suppliers a total of 953 million euros ($1.1 billion) for taking part in a ball bearings cartel.
In a statement on Friday SKF said the settlement, whose details were confidential, would have an “insignificant impact” on its financial position.
Reporting by Esha Vaish in Stockholm; Editing by David Holmes
[ad_2]
Comments
Benson Gethi The Man Behind the NYS Scandal: How the Gethi Family Profited from Billions Lost
Eldoret Airport Smuggling Expose: Millions Lost as Gadgets Flow Illegally to Ethiopia
SportPesa Aviator Exposed: Why SportPesa Aviator Games Have Become a Public Danger That Kenya Can No Longer Ignore
How Ben Gethi Orchestrated the Ksh 6.2 Billion NYS Scandal the EACC Can No Longer Ignore
SportyBet Kenya Bonus for January 2026 – Uncover Unique Offers!
The 2027 Expiry Date: Why Moses Omondi’s Term Will Be Short
The Two Faces of Opiyo Wandayi: The ‘Watcher’ Who Now Uses Luo Votes While Kenyans Pay the Price
EXPOSED: Court Filings Show How Cs Mbadi, Watanga and Nyawanda Approved Sh5.5 Billion Illegal Rice Imports
Paul Ndung’u Bankruptcy Exposes a Stunning Fall After SportPesa Court Defeat
Arsenal vs Manchester United Prediction: Betting Tips, Odds, and Match Preview
Securing Scholarships for International Study: A Comprehensive Guide for Students
Paul Ndung’u Bankruptcy Exposes a Stunning Fall After SportPesa Court Defeat
Arsenal vs Manchester United Prediction: Betting Tips, Odds, and Match Preview
EXPOSED: Court Filings Show How Cs Mbadi, Watanga and Nyawanda Approved Sh5.5 Billion Illegal Rice Imports
The 2027 Expiry Date: Why Moses Omondi’s Term Will Be Short
The Two Faces of Opiyo Wandayi: The ‘Watcher’ Who Now Uses Luo Votes While Kenyans Pay the Price
SportyBet Kenya Bonus for January 2026 – Uncover Unique Offers!
SportPesa Aviator Exposed: Why SportPesa Aviator Games Have Become a Public Danger That Kenya Can No Longer Ignore
How Ben Gethi Orchestrated the Ksh 6.2 Billion NYS Scandal the EACC Can No Longer Ignore
Eldoret Airport Smuggling Expose: Millions Lost as Gadgets Flow Illegally to Ethiopia
-
Business News1 week agoBenson Gethi The Man Behind the NYS Scandal: How the Gethi Family Profited from Billions Lost
-
Business News1 week agoEldoret Airport Smuggling Expose: Millions Lost as Gadgets Flow Illegally to Ethiopia
-
General News5 days agoSportPesa Aviator Exposed: Why SportPesa Aviator Games Have Become a Public Danger That Kenya Can No Longer Ignore
-
Columns And Opinions1 week agoHow Ben Gethi Orchestrated the Ksh 6.2 Billion NYS Scandal the EACC Can No Longer Ignore
-
Entertainment5 days agoSportyBet Kenya Bonus for January 2026 – Uncover Unique Offers!
-
General News5 days agoThe 2027 Expiry Date: Why Moses Omondi’s Term Will Be Short
-
Columns And Opinions5 days agoThe Two Faces of Opiyo Wandayi: The ‘Watcher’ Who Now Uses Luo Votes While Kenyans Pay the Price
-
Columns And Opinions5 days agoEXPOSED: Court Filings Show How Cs Mbadi, Watanga and Nyawanda Approved Sh5.5 Billion Illegal Rice Imports