Scania loses appeal against price-fixing fine


 

Scania has lost its fight against a decision by the European Commission (EC) to fine it €880.52m (£733.5m) for its involvement in a truck cartel to fix prices. The European Union’s General Court upheld the EC’s decision in 2017 that Scania had, along with MAN, DAF, Daimler (Mercedes-Benz), Volvo/Renault and Iveco, colluded between 1997 and 2011 to restrict competition in the market for HGVs, as well as pass on the costs of new technology to meet tighter emissions standards onto […]