The Trader 

Market Outlook: Fines and more fines

The Trader

Yesterday truck maker Scania, part of the VW group, was fined €880 million by the European Commission competition authority for colluding with 5 of its competitors over prices and emissions over a 14 year period starting in 1997.  The other manufacturers have already paid €2.9 billion in fines and between them all account for 9 out of every 10 trucks on European roads.  ‘These trucks account for three quarters of inland transport of goods in Europe and play a vital role in the European economy’, said Margrethe Vestager.

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