On Wednesday, 27 September 2017, the European Commission decided to hand down a fine of €880,523,000 to the truck builder Scania, for its involvement in a cartel between truck builders for 14 years.
The cartel involved Scania, MAN, DAF, Daimler, Iveco and Volvo/Renault. Between 1997 and 2004, physical and telephone meetings took place between senior executives of these companies, whilst between 2004 and 2011, the cartel was organised by the German subsidiaries of the builders. Over these...