EU Commission imposes record 3bn euro fine on truck cartel

epa05431747 EU Commissioner for Competition, Danish, Margrethe Vestager gives a press conference on a case of anticompetitive practices, in Brussels, Belgium, 19 July 2016. The European Commission said it found MAN, Volvo/Renault, Daimler, Iveco, and DAF responsible of breaking EU antitrust rules. According to the Commission, the five truck makers have been fixing prices of trucks over 14 years on truck pricing. The Commission imposed a record fine of almost 3 billion euro on the truck makers except for MAN which had revealed the cartel’s existence. EPA/LAURENT DUBRULE