SKF sued by Daimler for alleged monopoly

According to foreign media reports, SKF was punished by the European Union in 2014 for allegedly violating the European bearing industry's antitrust rules. As the world's largest industrial bearing manufacturer, SKF was recently sued by Daimler.

In March 2014, SKF and several other suppliers were fined $1.08 billion by EU antitrust officials for allegedly monopolizing the ball bearing industry.

The EU's execution also prompted major European automakers to possibly file a lawsuit against SKF. In December last year, SKF said that BMW had publicly filed a lawsuit against SKF and several other bearing manufacturers.

"Daimler is demanding that SKF pay at least 59 million euros in compensation, plus interest and reimbursement of costs," SKF said in a statement on Tuesday. "SKF firmly believes that the European Commission's sanctions have not resulted in losses to its business partners."

SKF revealed that Daimler has filed a lawsuit at the Nuremberg-Fürth State Court in Germany.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.