Lorry makers handed record EU fine over price-fixing

The European Union has imposed its biggest ever cartel fine, worth €2.93bn, on several of Europe's top lorry producers for colluding to keep prices artificially high at the expense of consumers.

EU Antitrust Commissioner Margrethe Vestager said EU-based MAN, Volvo/Renault, Daimler, Iveco and DAF "colluded on the pricing and on passing on the costs for meeting environmental standards to customers".