LONDON, Oct 1 (Reuters) - Stellantis' ( STLA ) 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 ( ALV ) and ZF/TRW
for allegedly charging higher prices for seatbelts, airbags and
steering wheels.
Sweden's Autoliv ( ALV ) 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 to Japanese and European car manufacturers.
The two companies were fined 368.3 million euros in 2019
over cartels involving products supplied to some European car
producers, while a Japanese unit of Autoliv ( ALV ) was among companies
fined for cartels involving supplies to Japanese automakers.
Stellantis ( STLA ) argues that the practices of the cartels went far
wider than the European Commission's limited findings.
Its lawyer Colin West said in court documents that it was
"inherently unlikely" that Autoliv ( ALV ) and ZF/TRW's cartels affected
some carmakers but not Stellantis' ( STLA ) brands.
Autoliv ( ALV ) and ZF/TRW however argue that the European
Commission investigated the sector for several years - with the
companies' cooperation - and did not find Stellantis ( STLA ) was
targeted by the cartel.
The companies' lawyers said there was no collusion beyond
what was found by the European Commission and, if there was, any
overcharge was passed on by Stellantis ( STLA ) to customers.
The trial at the Competition Appeal Tribunal is expected to
take five weeks.