Tuesday, July 19, 2016

EU imposes record fine on truck manufacturers poster – The Universe

The European Union (EU) imposed on Tuesday a record fine of 2,930 billion euros a poster manufacturers of trucks for 14 years fixed prices and reverberated costs ecological adaptation in selling prices.

the German companies MAN (owned by Volkswagen) and Daimler and the Swedish-French Volvo / Renault, DAF Dutch and Italian Iveco “violated the competition rules of the EU,” the European Commission said ( EU) executive said in a statement.

“it is the largest fine ever imposed for a cartel case in the EU, but there are good reasons for doing so,” said the European Commissioner for Competition, Margrethe Vestager.

“These manufacturers are understood for 14 years on the selling prices of the trucks and the possibility to pass on to consumers the costs of adaptation to stricter rules on emissions” contaminants, said the press the Commission.

MAN escaped fines because “revealed the existence” of the agreement, said the document. (I)

LikeTweet

No comments:

Post a Comment