EU TRUCK CARTEL
"Instead of colluding on pricing, the truck manufacturers should have been competing against each other"
Margrethe Vestager, EU Competition Commissioner
September 2017
In July 2016 the European Commission levied a €2.93 billion record-breaking fine on truckmakers for running a cartel between 1997 and 2011. In September 2017, the Commission imposed an €880m fine on Scania, bringing the total fines on EU truck-makers to €3.8 billion – a record cartel penalty.
Under EU and national laws, companies adversely affected by cartels can bring legal actions to recover their losses. If your business has incurred significant expenditure, between 1997 and 2011, on purchasing trucks or on logistics generally, your business may have suffered material losses.
If you believe your business has been affected by the behaviour of the EU Truck Cartel as outlined above, please do not hesitate to contact us to discuss how Adrestia may help you in funding and managing your claim.