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Europe Daily Bulletin No. 11561

31 May 2016
ECONOMY - FINANCE / (ae) competition
Commission reported to be ready to sanction truck cartel

Brussels, 30/05/2016 (Agence Europe) - According to the Financial Times, the European Commission is getting ready to hand down record fines to several constructors of heavy-goods vehicles and medium-duty trucks involved in an illegal cartel.

Four of the six companies concerned (MAN, Volvo/Renault, DAF, Iveco, Scania and Daimler) are believed to have earmarked €2.6 billion in anticipation of a decision of the European Commission, possibly before the summer, according to the FT.

In...

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