EU: Truckmaker Scania appeals antitrust fine

Swedish truckmaker Scania said Tuesday, December 12, it had appealed against an €880 million (US$1.03 billion) fine imposed by the European Commission for alleged price-fixing and attempts to dodge costs for stricter pollution rules.

Scania, owned by German auto giant Volkswagen, was the only holdout in the European Union’s massive cartel case in which five other truck builders admitted to wrongdoing and jointly received a record fine of three billion euros.

“Scania has not entered into any pan-European agreement with other manufacturers with regard to pricing. Also, the company has not delayed the introduction of new engines compliant with EU legislation for exhaust emissions,” the company said in a statement.

“Scania has been cooperating fully with the European Commission by providing it with requested information and explanations throughout the entire investigation period,” it added.

Daimler, DAF, Iveco, MAN and Volvo/Renault were hit with fines in July 2016. Along with Scania, they account for nine out of every 10 trucks sold in Europe.

The total penalty inflicted by Brussels against the truckmakers, including Scania, €hit 3.8 billion (US$4.5 billion), according to the European Commission.

Full Content: Business Insider

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