| 3:07 AM EST

BMW Sues A/C Suppliers for Price Fixing

BMW AG is demanding $155 million in damages from two suppliers of air-conditioning systems, claiming they conspired to rig prices.
#Valeo #legal #BMW

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BMW AG is demanding €141 million ($155 million) in damages from two suppliers of air-conditioning systems, claiming they conspired to rig prices.

German business daily Handelsblatt says the lawsuit targets Denso Corp. and Valeo SA. BMW confirms the filing but has declined to offer specifics about its claims.

Denso and Valeo were among six vendor fined in 2017 by the European Commission after admitting they rigged bids on air-conditioning and engine-cooling systems between 2004 and 2009.

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