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 […]
Panther Warehousing has spent £3m on a fleet of MANs to support ongoing growth in the business.
Mercedes-Benz Commercial Vehicles MD Ian Jones has retired with immediate effect. In a statement the Executive Board of Mercedes-Benz UK says it wants to offer Jones “best wishes for the future”. Under Jones’s reign the Sprinter won the Motor Transport Award for Fleet Van of the Year for four consecutive years. The firm adds that under Jones’s leadership Mercedes-Benz Commercial Vehicles had “a number of notable successes, including putting Mercedes-Benz on the top spot for the UK tractor market”. A […]
LaFarge and Tarmac owner Anglo American have revealed the executive team that will oversee their UK joint venture. Jamie Pike has been named as the venture’s non-executive chairman, Cyrille Ragoucy as chief executive and Guy Young as chief financial officer (CFO). Pike was chief executive of Foseco, a business serving the foundry and steel making industries. Ragoucy is senior v-p of health and safety for Lafarge, while Young is CFO at Tarmac. The joint venture will combine Tarmac’s and Lafarge’s […]