STOCKHOLM -- Sweden's SKF, the world's largest maker of industrial bearings, said it is being sued by Daimler in the wake of a 2014 EU settlement for violations of competition rules in the European bearings sector.
European Union antitrust regulators in March 2014 fined SKF and several other suppliers a total of 953 million euros ($1.08 billion) for taking part in a ball bearings cartel.
The settlement left European automakers eyeing possible legal action. In November last year, SKF said BMW had opened a lawsuit against the Swedish company and other bearings makers.
"Daimler requests payment from SKF in the amount of at least 59 million euros plus interest and reimbursement of costs," SKF said in a statement on Tuesday.
"SKF strongly believes that the activities sanctioned by the European Commission have not caused any damage to its business partners."
SKF said Daimler had filed the lawsuit with Landgericht Nuremberg-Furth in Germany.