Press Release: Antitrust: Commission sends statement of objections to suspected participants in trucks cartel

The European Commission informed on the 20 November 2014 a number of heavy and medium duty truck producers that it suspected them of having participated in a cartel in breach of EU antitrust rules. The sending of a statement of objections did not prejudge the outcome of the investigation.

The European Commission had concerns that certain heavy and medium duty truck producers might had agreed or coordinated their pricing behaviour in the European Economic Area (EEA). Such behaviour, if established, would breach Article 101 of the Treaty on the Functioning of the European Union (TFEU) and Article 53 of the Agreement on the EEA, which prohibit cartels and restrictive business practices.

• Primary Source

ESO: Background information: Antitrust: Commission confirms unannounced inspections in the truck sector http://www.europeansources.info/record/memo-antitrust-commission-confirms-unannounced-inspections-in-the-truck-sector/

EurActiv, 20.11.14: Truck makers face fines as EU steps up cartel investigation http://www.euractiv.com/sections/transport/truck-makers-face-fines-eu-steps-cartel-investigation-310193

---