European truck manufacturers have been hit with a record €2.9bn (£2.5bn) fine after they colluded for 14 years on truck pricing and on passing on the costs of compliance with emissions rules. The European Commission (EC) found that MAN, Volvo Group (parent company to Volvo Trucks and Renault Trucks), Mercedes-Benz parent Daimler, Iveco and Daf broke EU antitrust rules by forming a cartel to discuss the coordination of factory prices for trucks; timings for the introduction of emissions technology to comply […]
The founder of campaign group PetrolPromise has expressed his disappointment after the Office of Fair Trading (OFT) decided against launching an investigation into the UK petrol and diesel market. Campaign founder Robert Halfon, MP for Harlow, said: “I am grateful to the OFT for their work. But it is disappointing that they will not hold a full inquiry. For example, they admit that there is a problem with poor competition in many towns but they are not taking action.” “Government […]
Sir Peter Hendy, commissioner at TfL, opened the fourth meeting of the Construction Logistics and Cycle Safety (Clocs) initiative with an admission: “I did not expect this activity to grow as quickly as it has.” He added later in his keynote speech: “You all work on relatively thin margins but you’re bursting with ideas about how to make things safer.”
Gefco has won a contract with Jaguar Land Rover (JLR), covering the moment of Range Rovers across the UK.