Scania hit with €881m fine from European Commission over truck price-fixing

EC cartel fine

The European Commission (EC) has hit Scania with a €881m (£771m) fine after concluding that it broke EU antitrust rules. It means the commission has now levied fines approaching €3.8bn collectively against Europe’s major truck manufacturers. Last year it hit five manufacturers with a €2.9bn fine comprising Volvo Group, Mercedes-Benz parent Daimler, Iveco and DAF. MAN was found guilty of breaking EU antitrust rules also but was spared a fine due to its status as whistle-blower. Investigations had continued over […]