General Motors of Canada, Ltd. has agreed to settle the ongoing antitrust lawsuit in the United States.
The lawsuit alleges that vehicle manufacturers violated antitrust laws by conspiring with each other
to prevent the export of vehicles from Canada to the United States when the Canadian dollar
was trading at low values.
Last week the California Superior Court approved a prelimary settlement in which GM
will pay $20.15 million. Toyota previously settled for $35 million.
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