The European Commission is severely ticking off the six main truck manufacturers. Cartelisation means they face a fine of €2 billion, British newspaper Financial Times writes.
The companies DAF, Daimler, Iveco, MAN, Scania and Volvo/Renault have been accused of cartelisation for years. In 2011, the European Commission raided their offices. Official points of objection followed in 2014. Usually a fine follows. The cartelisation is said to have been going on for years. The companies not only agreed on prices, but also on marketing technologies that reduce greenhouse gas emissions.
Manufacturer DAF may receive the highest fine. This is evident from the provisions made by the companies. Parent group Paccar, for instance, has set aside $945 million. Daimler, Iveco and Volvo made provisions of $600 million, $500 million and $400 million respectively. MAN would not have to pay the fine because it raised the alarm about the possible cartel.
Editorial LogistiekProfs
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