Daimler and MAN affected: EU investigating alleged cartel truck – n-tv.de NEWS

Daimler and MAN affected: EU investigating alleged cartel truck – n-tv.de NEWS

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 Thursday, November 20, 2014

 
 
 

 
 On suspicion of price fixing, the EU is investigating several European truck producers. The German manufacturer Daimler and MAN are affected. Confirms the suspicion that they would face hefty fines.
 

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The EU-Commission for alleged price fixing intensified action against truck manufacturers such as Daimler, MAN and Volvo. This is about possible price fixing in the sale of the truck in Europe, said the new EU competition commissioner Margrethe Vestager. Hopes for an amicable settlement made the Dane immediately destroyed: “In my estimation, comparisons are extremely difficult.” The investigation of the manufacturer have been underway for years. By submitting their objections, the process reached a new level.

However, the Commission pointed out that this step does not prejudge the outcome. The Volkswagen subsidiary MAN confirmed to be the subject of investigation. The methods have been

running since 2011. Daimler also is affected by its own account and waits as the Munich competitor on the formal delivery of the EU letter. Volvo said they were working together with the authorities. The Gothenburg as Daimler had already warned investors that a penalty could reduce profits. Subject of the investigation is also the Iveco mother CNH Industrial.

If the EU Commission came to the conclusion that the manufacturer actually violated antitrust rules, a penalty is due, which is ten percent of annual sales in the extreme case , According to the findings of the Commission were held for a long time a cartel. It was more expensive road transport and also harmed the rest of the economy, said Vestager on the question of why their authority right now versus the previous manufacturer.

  Source: n-tv.de