Saturday June 6, 2020

Record price-fixing fine for truck firms

Four hit for almost €3 billion after EU investigation

19th July, 2016
Volvo among truck makers fined Pic: Rex

Four truck companies have agreed to pay European Union regulators a record €2.93 billion in fines for fixing truck prices over 14 years.

Daimler got the largest penalty of €1.01 billion and DAF will pay €752.7m as part of a settlement with the European Commission that cut potential fines by at least 10 per cent. Volvo and Renault share a €670.4m fine and Iveco, now owned by CNH Industrial, will pay €494.6m....

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