The truck cartel – secret price fixing by leading manufacturers
On 19 July 2016, the European Commission imposed fines on leading truck manufacturers Daimler, Volvo/Renault, Iveco, MAN and DAF (the “cartel members”). These manufacturers were found guilty of, through impermissible price fixing, having formed a cartel between 1997 and 2011 for medium and heavy trucks. On 27 September 2017, the European Commission also found that Scania had participated in the cartel and imposed a fine.
Together we will succeed: our coalition against the truck cartel.
Did you purchase or lease medium or heavy trucks from the truck cartel between 1997 and 2011? Then you most likely paid too much.
Based on a study commissioned by the European Commission some time ago, on average, international cartels resulted in damages in the amount of 20% of the purchase price. The exact damages must be determined by a recognised and reputable competition economist.
The truck cartel could also have led to higher prices for the period after 2011 as well as for trucks from manufacturers not involved in the cartel. This is already being examined by the competition economists commissioned by us.
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