Volkswagen seeks damages from Prevent in ongoing legal dispute

HAMBURG/FRANKFURT (Reuters) - Volkswagen is seeking more than 100 million euros ($112 million) in damages from former supplier Prevent, it said on Tuesday, adding it had filed a first claim for one of its subsidiaries.

The row dates back to 2016, when suppliers ES Guss and Car Trim stopped supplies shortly after being acquired by Prevent in a bid to raise prices, causing production losses at six of Volkswagen's factories in Germany.

Volkswagen has filed a first claim for its Skoda unit with the Brunswick regional court, it said, adding that the Dresden higher regional court would determine which courts are responsible for further damage claims.

Prevent said it didn't have a copy of the suit and couldn't comment.

The supplier in November filed a lawsuit against Volkswagen claiming damages of more than $750 million.

Funke-Mediengruppe first reported about the lawsuit.

($1 = 0.8949 euros)

(Reporting by Jan Schwartz and Tom Sims; Writing by Christoph Steitz, editing by Thomas Escritt)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• From street names to supply chains, Canadians pull away from US as rift grows
• AI startup Wonderful valued at $5 billion in latest funding round
• Nvidia CEO urges G20 to avoid AI rules on 'theoretical' harms