European Commission investigates truck cartel allegations


 

Volvo Group has made a €400m (£317m) provision after being notified by the European Commission (EC) that it is suspected of involvement in a cartel, along with several other heavy- and medium-duty truck manufacturers. Last month the EC informed a number of truck manufacturers that it suspected them of being involved in anti-competitive behaviour, via a formal notification known as a Statement of Objections, voicing concerns they may have agreed or co-ordinated their pricing behaviour. The manufacturers will have the […]