Stellantis' $807 million UK lawsuit over airbag, seatbelt cartels dismissed

Reuters
02-21
Stellantis' $807 million UK lawsuit over airbag, seatbelt cartels dismissed

LONDON, Feb 21 (Reuters) - Stellantis' STLAM.MI 771 million euro ($807.62 million) lawsuit against two safety equipment makers was dismissed by a London tribunal on Friday.

The automaker, which was formed by the 2021 merger of Fiat Chrysler Automobiles and PSA Group, sued Autoliv and ZF/TRW for allegedly charging higher prices for seatbelts, airbags and steering wheels.

But the Competition Appeal Tribunal rejected Stellantis' case on Friday.

($1 = 0.9547 euros)

(Reporting by Sam Tobin; Editing by Catarina Demony)

((Sam.Tobin@thomsonreuters.com;))

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