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 European Commission (EC) believes “substantial remedies are needed” before the proposed takeover of TNT Express by UPS can be cleared. In a merger review speech made on Friday (2 November), Joaquín Almunia, EC vice-president responsible for competition, said that “serious competition concerns would arise” if it went ahead without revisions. Last month the EC revealed that approval would only come if the resulting company would be challenged enough by other parcel firms. TNT Express and UPS have since received […]
Revisions could be made to the UK’s flagship HGV Road User Levy to make it compliant with EU rules, a source said this week.
A third group action has been registered with the Competition Appeal Tribunal (CAT) seeking redress for those affected by the €3bn truck price-fixing cartel.