Daimler and Volvo face retrial in €560m cartel suit

Thousands of companies said they paid too much for their trucks because prices were fixed.

The EU investigation revealed they fixed prices of medium and heavy-duty vehicles over 14 years. Picture: Alex Kraus/Bloomberg

Daimler Truck Holding and Volvo will face a retrial in a €560m case over a price fixing cartel, a German appeals court ruled.

Judges in Munich overturned a previous ruling dismissing the case that’s seeking to make truckmakers pay for overcharging customers for their vehicles. Among the defendants are also Volkswagen AG’s MAN unit and Iveco Group.