U.S. Markets closed

Auto parts supplier Prevent Group sues Volkswagen for suppressing competition

Nov 18 (Reuters) - Volkswagen parts supplier Prevent Group on Monday filed a lawsuit alleging the German automaker used anticompetitive tactics to stop larger suppliers like the company from acquiring smaller rivals in the United States.

Prevent has filed the lawsuit in Eastern District of Michigan and is seeking damages in excess of $750 million.

Volkswagen did not immediately respond to a Reuters request for comment.

(Reporting by Sanjana Shivdas in Bengaluru; Editing by Arun Koyyur)