Truck Kartell: European Union imposed billion penalty against Daimler AG – THE WORLD
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EU imposed billion penalty against Daimler
Four trucks farmer must pay almost three billion euro fine for price fixing. This was announced by the EU Commission. Only the VW subsidiary MAN came for leniency unscathed.
Four trucks farmer must pay almost three billion euro fine for price fixing. This was announced by the EU Commission. Only the VW subsidiary MAN came for leniency scot
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Photo: AP The highest individual sentence account for roughly one billion euros to Daimler
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Because of price fixing several trucks Bauer have a record fine of nearly 2.93 billion euros pay. Affected are Daimler, Iveco, DAF and Volvo / Renault, as the European Commission announced in Brussels on Tuesday. The Munich VW subsidiary MAN comes unpunished as whistleblower thereof. The highest individual sentence account for roughly one billion euros to Daimler. EU Competition Commissioner Margrethe Vestager stressed that the Brussels authorities have put an exclamation point to the record fine.
The cartel was founded in 1997 was 14 years, according to the European competition authorities active, there was collusion at the highest management level. Most companies therefore admit their guilt and have agreed to a settlement. The Commission reduced the fines for Volvo / Renault, Daimler and Iveco, because they have cooperated with the authorities in their investigations. Against Scania investigations are continuing.
The members of the cartel have can be several forms of unauthorized collaboration guilty. So they have denied their selling prices for medium and heavy trucks, and also agreed to the timetable for the introduction of technologies to reduce harmful emissions. The cost of these technologies they gave to their customers.
Competition Commissioner Vestager stressed the economic importance of trucks for transport of goods in Europe. “It can not therefore be accepted that MAN, Volvo / Renault, Daimler, Iveco and DAF, which together account for about nine out of ten produced in Europe medium and heavy duty trucks, with each other form a cartel, instead of competing with each other.”
Daimler had already in 2014 covered more than 600 million euros for potential penalties from the antitrust proceedings. In the second quarter of this year, the Group recorded an additional 400 million euros for “expenses in connection with legal proceedings”.
AFP / dpa / fas / nago
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