Damages Claims arising out of the European Commission’s Trucks Price Fixing Cartel Decision
Related Lawyers: Anthony Maton, Andrew Bullion, Laurent Geelhand, Christopher Rother, Nicola Boyle, Anna Morfey, Dr. Alex Petrasincu, Lene Kohl, Dr. Felicitas Schaper, geb. Rieger, James Groves
Related Practice Areas: Antitrust / Competition Litigation
The Trucks Cartel
On 19 July 2016, the EC concluded a five-year investigation finding that five major truck manufacturers – MAN, Volvo / Renault, Daimler, Iveco and DAF (the ‘’Cartelists") – unlawfully coordinated the pricing of trucks over a 14-year period, from 1997 – 2011, as well as colluding on the timing of the introduction of emission technologies and the passing on to customers of the costs of those technologies. Each Cartelist admitted their involvement and so cannot appeal the findings of the EC.
The EC Decision covered both "medium-duty" and "heavy-duty" trucks, which were defined by the EC as those weighing 6-16 tonnes and over 16 tonnes respectively. The EC found that the cartel affected prices of trucks across the entire European Economic Area. The EC imposed record-breaking fines of over €2.9 billion on the Cartelists. Individual fines amounted to €670.4 million for Volvo/ Renault; over € 1 billion for Daimler; €494.6 million for Iveco; and €752.7 million for DAF. MAN avoided fines as it was the first to report the cartel to the EC, but was still found to have unlawfully participated in the cartel. A further truck manufacturer, Scania, remains under investigation.
Companies and other entities who purchased trucks during the cartel period are encouraged to contact Hausfeld’s European offices in Berlin, Brussels, and London for an initial assessment of their potential claim.
For more information, please see Hausfeld's latest briefing or click here.
Read in German.
For further information about the Trucks case, please visit https://www.truckcartel.fr/en/