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 […]
Britain may lose the power it needs to make international trade deals when it leaves the EU, according to the chief executive of Advanced Supply Chain.
“Help us to help you” was the message when the RHA delivered a petition to Downing Street last week (18 June) calling on the prime minister and chancellor to sign off on a £150m HGV driver training fund in next month’s emergency budget.
The Office of Fair Trading (OFT) has today (5 September) issued a call for information on the UK petrol and diesel sector, in order to identify whether there are competition problems it can investigate. “We are keenly aware of continuing widespread concern about the pump price of petrol and diesel and we have heard a number of different claims about how the market is operating,” said Claire Hart, director in the OFT’s Services, Infrastructure and Public Markets Group. “We have […]