Iveco Group N.V.
Approved Evidence
Added to Rotten Company: 8/29/2026
Conduct/Event period: January 17, 1997–January 18, 2011
Ongoing: No
Resolution status: Resolved
Resolution date: July 19, 2016
European Commission fined Iveco €494.6 million for participating in the trucks cartel
Summary
On 19 July 2016, the European Commission announced a settlement decision finding that Iveco and other truck manufacturers coordinated gross list prices and the timing and passing-on of costs for emissions technologies over 14 years. Iveco received a 10% settlement reduction and was fined €494,606,000. This was an EU competition-law settlement, not a criminal conviction. Primary source: https://ec.europa.eu/commission/presscorner/detail/en/ip_16_2582
Evidence Weight
99.48
Severity: high
Recency Weight: 99.48499929914384
File Weight: 1