EU competition infringements by European truck manufacturers

4th January 2018

 

The European Commission imposed fines of €3.4 billion in July 2016 and September 2017 following findings that a number of manufacturers were party to a cartel at senior management level from 1997-2001.

Breakdowns of the fines for the companies involved were as follows:

  • Daimler/Mercedes – €1 billion
  • Scania – €880 million
  • DAF – €752 million
  • Volvo/Renault – €670 million
  • Iveco – €495 million
  • MAN – fine of €1.2 billion reduced to zero as immunity applicant

The findings from the European Commission’s report stated the manufacturers were engaged in various coordinated practices including:

  • Aligning their gross list prices at the start of the cartel
  • Increasing gross (and sometimes net) list prices
  • Agreeing the cost that truck purchasers should be charged for emissions technologies (Euro 3, 4, 5, and 6)
  • Delaying the introduction of the emissions technologies

Claim for compensation

The RHA (Road Haulage Association), which are the dedicated trade body for road haulage in the UK is bringing a group claim for compensation on behalf of operators.

The objective of this claim is to ensure that businesses are awarded compensation for the difference between what was paid for trucks purchased and what would have been paid if the Truck Cartel had not existed.

Next steps

We are already working with some of our clients to identify applicable expenditure.  If you think that you may be entitled to claim, or if you would like advice please contact your usual Whiting & Partners representative who will be happy to support you in the next steps.

Other items in Blogs
Elizabeth Prior
26th November 2021 XERO: User roles and permissions

For businesses that require staff to have access to their Xero but do not want their employees to be able to view all details of their business there are different permissions and roles you can allocate to different users.   Roles Adviser- This role is the highest role you can give someone; therefore, it includes…

Ian Piper
11th November 2021 COP26: Net Zero disclosures in future statutory accounts?

Arising from the current COP26 global warming conference, Sage, The ACCA and the ICC have called on urgent action to be taken to standardise and simplify carbon reporting to help SMEs join the race to Net Zero. Their new report titled ‘Think Small First’ calls on policymakers to remove the existing administrative burdens that come…

Elizabeth Prior
10th November 2021 Which Xero package is right for me?

If you’ve never used a cloud software before coming to a decision on what package to choose can be quite daunting. Well, in this blog I am going to summarise what different packages are available and tell you what each package does and also, what it doesn’t do.   There are three packages that Xero…

Vanessa Pearson
10th November 2021 IR35 tax bill of £281k for Sky presenter

HRMC continue their campaign against broadcasters, with another successful case against former Sky presenter Dave Clark. Mr Clark presented and commentated on professional darts tournaments, and tried to argue his company’s relationship to Sky was one of self-employment.   His appeal has been rejected, with almost all the usual “badges of trade” having failed. Sky…

David Salmon
9th November 2021 Pensions experts say a minimum of £10,900 a year needed to retire

A single person will need post-tax annual income of £10,900 for a minimum standard of living in retirement, according to the Pensions and Lifetime Savings Association (PLSA).   The minimum retirement living standard is based on the Joseph Rowntree Foundation’s Minimum Income Standard and covers a typical retiree’s basic needs plus enough for some social…

Jodie Pheby
8th November 2021 Self assessment deadline… the countdown is on!

The new year is fast approaching and so is the deadline for filing your Self Assessment tax return – 31 January 2022 will be here before you know it.  Our tax experts can ensure everything is completed accurately and submitted on time.   Even if you file your 2020/21 tax return now, you do not…