EC fines truck makers €3bn for price-fixing

Five truckmakers — Daimler, DAF, Iveco, MAN and Volvo-Renault — have agreed to pay EU regulators a record €2.93bn in fines for fixing truck prices over 14 years.

EC fines truck makers €3bn for price-fixing
Wed, 20 Jul, 2016 - 01:00
Aoife White

Daimler got the largest penalty of €1.01bn and DAF will pay €752.7m as part of a settlement with the European Commission that cut potential fines by at least 10%.

Volvo and its Renault trucks brand faces a €670.4m fine and Iveco will pay a €494.6m fine.

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