Börse Express – ROUNDUP: VW achieves partial success in legal dispute with Prevent

DUSSELDORF (dpa-AFX) In the smoldering conflict
between the Volkswagen Group and the supplier
Prevent has the Wolfsburg car giant has another stage win
won. The Higher Regional Court in Düsseldorf ruled on Wednesday
that the extraordinary termination of a million dollar
Delivery contract for the Hagen company Prevent TWB by the
Volkswagen AG was lawful. Because the supplier had previously
The extortion means a 25 percent price increase
tried to enforce.

However, the Senate saw the case differently at the subsidiary Audi
, Here is the practically parallel termination
the supply relationship is ineffective, since only an ordinary, none
extraordinary termination occurred. Such a way to
premature termination of the supply relationship was in the temporary
Contract was not provided. Audi must prevent
hence the one-sided termination of the delivery contract
To compensate for any damage incurred, the cartel senate ruled. to
The court made no decision regarding the specific amount of damage. This
would have to be clarified in a separate process. A revision
the Higher Regional Court did not allow the decision.

Prevent TWB had for VW and the daughter brands like
Audi or Seat seat shells produced for numerous models –
at times more than two million pieces a year. The VW group
had the supply contracts in spring 2018 with effect from 31
Canceled in March 2019 and looked for other suppliers. background
was a long smoldering dispute between VW and the
Prevent group that escalated in August 2016. Delivery stops of
Prevent companies ES Guss and Car Trim had car production at the time
stopped in six of the group’s plants.

The VW group welcomed in a first statement that the
Higher Regional Court the extraordinary termination of VW for
legally declared. “This once again underpins that
Volkswagen AG in dealing with Prevent Injured and
is not the cause, “said a company spokesman.

The group does not yet want to accept the defeat in the Audi case.
He examines the filing of a complaint against the non-admission of the
Revision to clarify the matter after all from the Federal Court of Justice
to be able to leave. With a view to possible compensation payments
The Group was adamant about Prevent TWB. At the calculation
the amount of damage is in any case also the part of the fault
to be considered by Prevent. “Since the court has confirmed that
TWB acted with means of extortion, this should be enormous.
In our view, it is 100 percent, “said the VW spokesman.

Prevent TWB, on the other hand, expects to receive damages from Audi
in the millions “. The judgment, according to which VW and Audi
ordinary layoffs are ineffective, have “one
enormous signal effect “for the entire automotive supply industry.

With regard to the extraordinary termination approved by the court
from VW, the supplier disagreed with the court’s assessment that
that there was an implied threat to freeze the delivery
have. “We will therefore calmly judge on this point
study and consider further steps, “said the spokesman.

The Düsseldorf Higher Regional Court is just one of the venues in
the legal feud between Volkswagen and the former
Suppliers. The bitter litigation is busy
now even the judiciary in the United States. Prevent has Volkswagen there
for violations of competition law to 750 million
US dollar sued for damages./rea/DP/mis

 ISIN  DE0006757008  DE0007664039

AXC0197 2020-02-05 / 13:38

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