On 19 July 2016 the European Commission announced that it had fined manufacturers of medium and heavy duty trucks over EUR 2.93 billion for their participation in a price fixing trucks cartel covering the entire European Economic Area and lasting 14 years from 1997 to 2011 (Case COMP/39824 – Trucks). The Commission found the following companies to have participated in the cartel and these companies have acknowledged their participation:
The investigation in relation to Scania is ongoing as Scania has not agreed to settle the case with the Commission. According to the Commission, the trucks cartel consisted of collusive arrangements on pricing and gross price increases in the EEA for medium and heavy trucks, and the timing and the passing on of costs for the introduction of emission technologies for medium and heavy trucks required by EURO III to VI standards. The cartel is likely to have illegally and artificially increased the prices of trucks throughout Europe. Purchasers of trucks are likely to have been overcharged by the truck manufacturers as a result.
Any person or business affected by the trucks cartel is entitled to full compensation. Given the long period of the cartel and the fact that victims can claim interest as of the day on which the damage occurred, even companies with a relatively low number of trucks may have suffered significant damages as a result of the trucks cartel. CDC expects that the implementation of Directive 104/2014 into national law will further facilitate the enforcement of such damage claims.
Please feel free to contact us to find out how CDC can assist your business.
Further information on the trucks cartel:
CDC Consulting SCRL
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Phone: +32 (0) 2 213 49 20
Fax: +32 (0) 2 213 49 21
Phone: +49 (0) 631 303 790
Fax: +49 (0) 631 303 7910