News Sponsored by Neste Base Oils

Monday, December 25, 2017VOLUME 13 ISSUE 52
FREE SUBSCRIPTION!
Information on Advertising
Back to the Newsletter
News Sponsored by Martin Specialty Products
News Sponsored by Martin Specialty Products
News Sponsored by HollyFrontier
News Sponsored by HollyFrontier
Digital Book: LubriTec Synthetic Lube XRef - ED 6
Digital Book: LubriTec Synthetic Lube XRef - ED 5
Subscribe
Click Here to Subscribe, Unsubscribe or Change Your Options
Scania Appeals Emissions Price Fixing Fine 

Swedish truckmaker Scania said it had filed an appeal against a decision by the European Commission, the EU's antitrust regulator, to fine it 880 million euros (US$1 billion) for taking part in a price fixing cartel to enable them to pass the costs of required environmental improvements on to customers.

The European Commission announced the fine in September, saying Scania had colluded with five peers, fixing vehicle prices. In July, Volkswagen’s MAN, Daimler, Volvo, Iveco and DAF admitted to taking part in the cartel in return for a 10 percent cut in their fines. Scania did not settle. Along with Scania, they account for nine out of every 10 trucks sold in Europe.

Commission investigators said senior managers at the companies founded the cartel in January of 1997 when they met in “a cozy hotel” in Brussels. The manufacturers then reportedly met regularly to manage the cartel, sometimes at the margins of trade fairs and other events.

“In the appeal, Scania contests the findings and allegations made in the Commission’s decision,” Volkswagen-owned Scania said in a statement.

“Scania strongly contests all the findings and allegations made by the European Commission. Scania also emphasizes that it has cooperated fully with the European Commission by providing it with requested information and explanations throughout the entire investigation period.”


[PRINTER FRIENDLY VERSION]
Archive
December 18, 2017
December 11, 2017
December 4, 2017
November 27, 2017
November 20, 2017

[MORE]

Please do not reply to this message. Replies to this message are routed to an unmonitored mailbox. Please send all comments and correspondence to lubritec@aol.com.
Published by Lubrication Technologies, Inc.
Copyright © 2017 Lubrication Technologies, Inc. All rights reserved.
FORWARD TO A COLLEAGUE
Privacy Policy

Powered by IMN™