A document seen by the Financial Times says the group of companies “agreed the timing and price increase levels for the introduction of new emission technologies”; they were about to be forced by EU regulations to lower their trucks’ emissions, including nitrogen oxide
The leaked document is from an ongoing EU anti-trust case against the alleged cartel.
The Financial Times reports the companies accused are DAF, Daimler, Iveco, Scania, Volvo (Renault trucks), and MAN.
These corporations, who have a near 100 percent dominance in Europe’s truck market, are said to have operated together from January 1997 to January 2011.
An earlier report by Swedish Radio News had revealed that Volvo and Scania were being investigated by the EU Commission for coordinating prices for heavy and lighter lorries. Volvo said then it was too early to comment on the case.
News agency TT reports Volvo risks a fine of SEK 3.7 billion for fixing prices.