Scania hit with £770m price fixing fine
The leading used van dealer in the UK, Blackwood, South Wales
European regulators have given Scania, one of the world's biggest truck manufacturers, a £770 million fine for their part in a price fixing cartel.
Last year Scania refused to accept liability when the five other manufacturers (MAN, Daimler, Iveco, Volvo/Renault and DAF) involved in the scandal settled their cases with EU authorities.
The European Competition Commission said the companies colluded, between 1997 and 2011, to agree the price of their vehicles, the timing of when new emissions technology should be introduced and how the price of these technologies should be passed on to customers.
Richard Burnett, Road Haulage Association's chief executive said: "Today’s massive fine on Scania confirms how serious the EU truck cartel was – it takes the overall fine imposed for the cartel to almost €4 bn. However, the fine does nothing to compensate truck operators for the increased costs they have suffered because of the cartel.
“The RHA is leading the way in the UK to obtain compensation for the haulage industry and has almost 2,000 operators signed up to its group claim.
“I hope the fine on Scania today will persuade those truck operators who have not yet signed up to the RHA’s claim (perhaps because they purchased or leased Scania trucks) now to do so.”
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