The truck poster could assume payments of up to 3,000 million euros in compensation . Manufacturers Man, Volvo-Renault, Iveco, Mercedes-Benz, Scania and DAF agreed to an increase in the sale of six or more tons trucks between 1997 and 2011, in addition to transferring to customers the cost of adapting them to the existing environmental regulations. Therefore, the European Commission imposed on these six companies a joint sanction worth 2,930 million euros, the highest fine imposed for Brussels to date. In the sales of these trucks, an average cost of approximately € 15,000 is estimated.
the cartel of trucks: extra costs for 14 years
In 1997, these six companies had their first meeting to set the basic prices of their trucks. In addition, they also altered the control of polluting emissions by not introducing existing technology to reduce them. From there, the meetings were periodic, until in 2011 the company Man alerted Brussels of fraud. In short, with the price increase and the absolute control of the sector during those 14 years, the companies managed to increase their profits and that no other company could enter the market strongly.
The consequences of this ‘pact’ have been decisive in the truck manufacturing market. The six companies are the manufacturers of 9 out of 10 trucks sold in Europe. In addition, they transport 75% of the goods that move by road in Europe. Absolute control!
Verum helps you in your claim
Those affected can claim the amount contributed more for those affected by the truck cartel. The final amount of the claim can be quite noticeable, since to the recognized extra cost (between 15% and 25% of the total cost), the interest interest and the indirect taxes paid could be added.
If you need more information about it, you can contact our legal team in firstname.lastname@example.org.