EU hits truck firms with record €3bn fine

The EU's antitrust chief handed down a record €3 billion fine on Tuesday (19 July) on truck makers in penalties for colluding in an illegal cartel for over 14 years to fix prices and passing on the costs of emission rules.

The €2.93 billion fine will hit major European truck making companies, as the EU Commission has found that MAN, Volvo/Renault, Daimler, Iveco, and DAF broke European antitrust rules.

Scania is not covered by the decision, the investigation will go on in their ...