GM Sued By Daimler Over Transmission "Monopoly"

Law360, New York (August 1, 2006, 12:00 AM EDT) -- General Motors Corp. is forcing truck makers to purchase its automatic transmissions through illegal pricing agreements, according to a federal antitrust lawsuit filed by a U.S. unit of Germany’s DaimlerChrystler AG.

The lawsuit accuses GM of monopolizing the lucrative automatic-transmission market and of penning anti-competitive pricing schemes. The agreements allegedly hinder rivals, such as heavy-equipment maker Caterpillar Inc., from selling potentially cheaper products.

The complaint was filed by Daimler truck maker Freightliner LLC on July 28 in the U.S. District Court for the District of Oregon....
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