Top truck brands say ‘no harm done, let’s move on’

The Witness - Wheels - - TRANSPORT -

FOUR of the five truck man­u­fac­tur­ers who were found to have been op­er­at­ing a car­tel have re­sponded af­ter the Euro­pean Com­mis­sion (EC) handed out a record €2,9 bil­lion fine.

The EC last week found that they had col­luded for 14 years on truck prices and pass­ing on the cost of meet­ing emis­sions stan­dards to cus­tomers.

Pres­i­dent and CEO at Volvo Trucks and Re­nault Trucks owner Volvo Group Martin Lund­st­edt said the events had not had any im­pact on its cus­tomers.

“We have taken these events very se­ri­ously from the out­set and our full co-op­er­a­tion with the com­mis­sion re­sulted in a very sub­stan­tial re­duc­tion in the fine,” said Lund­st­edt. It re­ceived a 50% re­duc­tion in its fine to €670 mil­lion.

Daim­ler, which was hit with a €1 bil­lion fine, re­ceived a 40% re­duc­tion in the amount it ini­tially faced af­ter co-op­er­at­ing with the EC’s in­ves­ti­ga­tion. A spokesper­son for Daim­ler said it re­gret­ted what had hap­pened and had taken ap- pro­pri­ate ac­tion some time ago.

The Daim­ler spokesper­son added: “The com­pany has strength­ened its in­ter­nal con­trols and has in­ten­si­fied its reg­u­lar and com­pre­hen­sive em­ployee train­ing with re­gard to an­titrust law and com­pe­ti­tion law.”

A Daf spokesper­son said the fi­nal fine, €752 mil­lion, was lower than ex­pected af­ter it re­ceived 10% re­duc­tion in the charge for set­tling the case with the EC.

The spokesper­son said Daf be­lieved the ex­change of fac­tory list prices had no ef­fect on cus­tomers.

Man avoided a fine of ap­prox­i­mately €1,2 bil­lion as it in­formed the EC about the ex­is­tence of the car­tel be­fore the in­ves­ti­ga­tion was launched in 2011.

Man said in a state­ment on its web­site: “The Man code of con­duct in­cludes a clear be­lief in free and fair com­pe­ti­tion. The com­pany does not tol­er­ate any un­fair business prac­tices or il­le­gal con­duct.”

Iveco, fined €494 mil­lion, and Sca­nia de­clined to com­ment. Sca­nia’s in­volve­ment in the car­tel is still be­ing in­ves­ti­gated. — WR.

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