DAF Fined €752.679 Million in EU Trucks Cartel
Company: DAF Trucks N.V.
Summary
The European Commission fined DAF €752.679 million in the Trucks cartel case. The Commission found major truck manufacturers had coordinated pricing and gross price increases and the timing and passing-on of costs for emissions technologies. The Commission's published cartel statistics list DAF's 2016 fine at €752.679 million, making it one of the largest cartel fines imposed on a single undertaking in EU competition enforcement. Source: European Commission https://competition-policy.ec.europa.eu/document/download/b19175c3-c693-410b-b669-27d4360d359c_de