EC fines truck manufacturers a record €2.9bn after 14-year price fixing cartel

EC cartel fine

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 […]