EU slaps truck maker Scania with $1 billion cartel fine

European Commissioner for Competition Margrethe Vestager speaks during a media conference regarding a truck cartel case at EU headquarters in Brussels on Wednesday Sept. 27 2017

The EU had settled with the MAN, DAF, Daimler, Iveco and Volvo/Renault on the cartel case previous year, but Scania refused to co-operate.

The European Commission on Wednesday slapped Swedish truck manufacturer Scania with a whopping $1.03 billion fine for its role in a price-fixing cartel that spanned 14 years.

The European Competition Commission says Scania, which is based in Sweden, colluded with five other truck makers to agree the pricing of new vehicles. The regulator noted its investigation uncovered nothing to indicate the truck makers colluded to avoid complying with emissions standards, like the defeat-device scandal involving Scania's parent company Volkswagen. MAN was found guilty of breaking European Union antitrust rules also but was spared a fine due to its status as whistle-blower.

"Instead of colluding on pricing, the truck manufacturers should have been competing against each other-also on environmental improvements", Vestager said. Years later, the Commission's investigation revealed that Scania, as a producer of heavy trucks, had engaged in a cartel relating to the coordinating prices at "gross list" level for medium and heavy trucks in the European Economic Area (EEA), the timing for the introduction of emission technologies for medium and heavy trucks to comply with the increasingly strict European emissions standards (from Euro III through to the now applicable Euro VI) and the passing on to customers of the costs for the emissions technologies required to comply with the increasingly strict European emissions standards (from Euro III through to the now applicable Euro VI).

Scania maintained its innocence and said it was likely to appeal against the regulator's decision.

Without Wednesday addition, the fine slapped on the companies past year was already the biggest and twice as large as the previous record.

Fix the timing for the introduction of emission technologies to meet increasingly strict European emissions standards.

She added Scania needs time "to review this in its entirety, but if no significant new information has appeared in the investigation, we plan to appeal". "From 2004 onwards the cartel was organized at a lower level", she said.



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