Daimler, Scania, other truck makers could pay fines up to $30 billion

9/4/2018 5:37:00 AM

Source: Business Insurance

European truck makers could end up paying about €25 billion ($29 billion) for running a price-fixing cartel between 1997 and 2011, Commercial Fleet reported. U.K.-based Road Haulage Association applied to the Competition Appeal Tribunal seeking compensation totaling £6,000 per vehicle out of 600,000 trucks bought or leased between 1997 and 2011. The truck makers include Germany-based Daimler A.G., Norway-based Scania AB (publ), Sweden-based Volvo Car AB (publ.) and Dutch automaker DAF Trucks N.V.