On 19 July 2016, the European Commission (“Commission”) announced a Settlement Decision against 5 leading truck manufacturers, Daimler, Volvo/Renault, Iveco, MAN and DAF (the “Cartelists”) for fixing the price of medium and heavy duty trucks over a 14 year period between 1997 and 2011. The fines imposed on the Cartelists are amongst the largest ever imposed by the Commission, together totalling over € 2.9 billion, reflecting the long running and serious nature of the cartel.
The Cartelists were found to have co-ordinated the pricing of trucks between 1997 and 2011. They also colluded on delaying the introduction of new emission technologies required to meet environmental standards Euro III, Euro IV, Euro V and Euro VI and in relation to passing on the costs of those changes to customers. The Decision covers both medium-duty trucks (6 – 16 tonnes) and heavy-duty trucks (above 16 tonnes) and the conduct is stated to have covered the entire European Economic Area.
A further truck manufacturer, Scania, was not named in the Decision, but remains under investigation by the Commission.
Négométal offers their clients legal assistance to value the damages they’ve suffered and, on their behalf, seek the necessary damages and interest for the violation of competition rules by these manufacturers.
Contact us for more information : https://www.negometal.com/en
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