DutchNews, July 19,
2016
Photo: Alf van Beem via Wikimedia Commons |
The European Commission has fined a group of truck manufacturers,
including Dutch firm DAF, a total of €2.93bn for operating as an illegal cartel
for 14 years.
The commission said in a statement that MAN, Volvo/Renault,
Daimler, Iveco, and DAF had broken EU antitrust rules by colluding on truck
pricing and on passing on the costs of compliance with stricter emission rules.
The cartel operated between 1997 and 2011, the commission said.
Eindhoven-based
DAF was given the second biggest fine of nearly €753m.
MAN was not fined as it
revealed the existence of the cartel to the Commission. All companies
acknowledged their involvement in the cartel and agreed to settle the case.
‘It
is not acceptable that MAN, Volvo/Renault, Daimler, Iveco and DAF, which
together account for around nine out of every 10 medium and heavy trucks
produced in Europe, were part of a cartel instead of competing with each
other,’ competition commissioner Margrethe Vestager said in a statement.
DAF
has been part of American listed industrial group PACCAR since 1996.
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