Ticker
EU fines Scania over emissions cartel
By EUobserver
The European Commission decided Wednesday to fine Swedish truckmaker Scania €880,523,000 for participating in a cartel, cheating CO2-emission rules. The case, opened in 2014, found that Scania colluded with MAN, DAF, Daimler, Iveco and Volvo/Renault "on truck pricing" and "passing on the costs of new technologies." The companies were fined a total of €3.8bn. Scania received the biggest penalty, as it was the only one not cooperating in the investigation.