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 cartel covering the entire European Economic Area and lasting 14 years from 1997 to 2011 (Case COMP/39824 – Trucks). It found following companies to have participated in the cartel:
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 cartelists coordinated the price of trucks. The cartelists also engaged in illegal discussions regarding the timing and coordination of the introduction of emission technologies and the passing-on to customers of the costs for those emissions technologies.
The trucks cartel is likely to have illegally and artificially increased the prices of trucks throughout Europe. Purchasers of trucks are likely to have been overcharged respectively damaged by the truck manufacturers.
Any person or business affected by the trucks cartel is entitled to full compensation. Given the very 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 – which is due by the end of 2016, will facilitate the enforcement of such damage claims.
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Further information: (PDF?)
Commission Press release on the Trucks Cartel_19/07/2016
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