EU regulators fine Scania 880 million euros for truckmakers cartel

(Reuters) - EU antitrust regulators fined German carmaker Volkswagen (VOWG_p.DE) unit Scania 880 million euros (771 million pounds) on Wednesday for taking part in a truckmakers cartel which resulted in a record 2.9-billion-euro fine for four companies in July.
The European Commission said Scania colluded for 14 years with the other cartel members on truck pricing and on passing on the costs of new technologies to meet stricter emission rules.
Volkswagen’s MAN, Daimler (DAIGn.DE), Volvo (VOLVb.ST), Iveco (CNHI.MI) and DAF (PCAR.O) admitted to taking part in the cartel in return for a 10 percent cut in their fines. Scania did not settle.
EU regulators fine Scania 880 million euros for truckmakers cartel EU regulators fine Scania 880 million euros for truckmakers cartel Reviewed by Alexander Von Stern on 02:48:00 Rating: 5