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Europe Daily Bulletin No. 11596

19 July 2016
Contents Publication in full By article 24 / 37
ECONOMY - FINANCE / (ae) competition
Sanctions for truck cartel to be announced this week

Brussels, 18/07/2016 (Agence Europe) - The European Commission is reported to be getting ready to hand down sanctions to an illegal cartel concluded between a number of manufacturers of heavy- and medium-duty goods vehicles, this Wednesday 20 July, according to the Financial Times of Sunday 17 July.

Again according to the FT, four of the six companies concerned (MAN, Volvo/Renault, DAF, Iveco, Scania and Daimler) are believed to have set €2.85 billion aside as a provision ahead of the...

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