Europe price probe

Herald Sun - Motoring - - Big Wheels -

THE Euro­pean Union com­pe­ti­tion watchdog is in­ves­ti­gat­ing the pos­si­bil­ity that some of the world’s biggest truck-mak­ers have been work­ing to­gether to con­trol prices. The EU re­cently launched in­for­ma­tion gath­er­ing raids on the world’s largest truck-maker, Daim­ler, and the sec­ond largest, Volvo. Sca­nia, MAN and Iveco have also been told they will be part of the probe. The EU says it had rea­son to be­lieve some truck com­pa­nies may have vi­o­lated rules that are set up to pre­vent pro­hib­i­tive busi­ness prac­tices and/or the abuse of a dom­i­nant mar­ket po­si­tion.

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