First Brexit, now that £2.5bn fine: hard times

摘要

Two subjects dominate the news at press time, and both are likely to continue doing so for many months yet. On the one hand, the industry is reeling at the truck manufacturers' record £2.5 billion fine by the European Commission for price fixing. And, on the other, there's Brexit, and the ongoing political and commercial upheaval. DAF, Daimler, Iveco, MAN and Volvo/Renault - all found guilty of EU antitrust violations for the 14 years to 2011 - now face compensation claims in UK courts for what the RHA describes as "inflated prices [that] cost haulage operators millions" (page 4). Note that Scania is subject to a separate EC investigation.