Two applications to represent the industry and seek compensation for vehicles bought while a truck cartel was in operation have been made to the Competition Appeal Tribunal (CAT). The European Commission issued the record €2.9bn (£2.5bn) fine to Daimler, DAF, Volvo Group and IVECO in 2016 after concluding the OEMs had operated a cartel between 1997 and 2011. MAN was found guilty but as the whistleblower avoided a monetary punishment. Scania was later fined €881m for its involvement in the […]
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.
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 Office of Fair Trading (OFT) is about to enter the final stage of its investigation into Mercedes-Benz and five vehicle dealerships over suspected breaches of the Competition Act in the distribution of commercial vehicles. The investigation, launched in 2010, relates to five separate alleged infringements between March 2007 and January 2010, each of them involving two or three dealers, and two of them also involving Mercedes-Benz. Apart from Mercedes UK parent Daimler UK, and ultimate parent Daimler AG, the […]