Truck Makers Hit with Near €3bn Price-Fixing Fine
Some of Europe’s largest truck makers have been hit with a record fine of €2.93bn after operating a price-fixing cartel for 14 years. Margrethe Vestager, EU competition commissioner, said the companies “colluded on the pricing and on passing on the costs for meeting environmental standards to customers” over a “very long time”, writes Peter Campbell. The companies are Iveco, DAF,
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