TORONTO, Aug. 1, 2017 /CNW/ - Koskie Minsky LLP and Paliare Roland Rothstein Rosenberg LLP have commenced a proposed class action against Volkswagen AG, Audi AG, Porsche AG, Daimler AG, BMW AG and Robert Bosch GMBH relating to allegations of price-fixing of vehicle components.
It is alleged that the five German automakers conspired to fix the prices of many components found in vehicles purchased by thousands of Canadians. Representatives of the companies met regularly to coordinate their approach to the price and design of various vehicle parts and systems. It is alleged that such practices are unlawful and in breach of the Competition Act.
Kirk Baert, a partner at Koskie Minsky LLP has said "Collusion of such a scale among such large companies is a serious issue. Consumers should not pay more, or receive an inferior product, so that such companies can maximize profits".
Ken Rosenberg, a partner at Paliare Roland Rothstein Rosenberg LLP stated, "The recent reports about a German automotive cartel are extremely disturbing. We look forward to uncovering the truth, and achieving a remedy, for Canadian consumers".
SOURCE Koskie Minsky LLP
For further information: James Sayce at Koskie Minsky, 416-542-6298 or Ren Bucholz at Paliare Roland, 416-646-6303; Website: kmlaw.ca/germanautocartel