Following the recent European Commission investigation into a tyre cartel, now, top tyre manufacturers face litigation in the USA
Tyre Manufacturers accused of price fixing in the US
A lawsuit has been brought against tyre manufacturers, including Pirelli, Bridgestone, Goodyear, Continental, Michelin and Nokian in U.S. federal court for alleged price-fixing. This comes only days after the European Commission DG Competition started its investigation.
The litigation was brought by a California resident in the Manhattan federal court seeking a class-action status for US customers.
The complaint is based around alleged price fixing by the companies since 2020.
As with the EC investigation, the tyre manufacturers denied any such accusations, or declined to comment. Attorneys for the plaintiff did not immediately respond to a request for comment.
The tyre industry lawsuit alleged the “U.S. tyre industry for years has been highly concentrated, and there is a history of antitrust violations by tyre manufacturers.”
The lawsuit seeks to recover unspecified three-fold damages and an injunction against alleged anticompetitive practices.
