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Sarah Lowther

Morning Money: The European Union dishes out its highest ever cartel fine to colluding truck makers

Sarah Lowther

Original Broadcast: Morning Money at 7:00

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The European Union has hit five truck makers with its highest-ever cartel fine of £2.46bn, for colluding on the factory prices of medium and heavy trucks, and coordinating on when to implement new emissions technologies. Daimler, DAF, Iveco, MAN and Volvo/Renault were said to have conspired over 14 years to fix prices, but VW-owned MAN escaped a penalty after it blew the whistle on the cartel. Joe Aldridge has been speaking to Paul Henty, Partner at law firm Charles Russell Speechlys, to find out more.

Guests: Paul Henty,Joe Aldridge

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Morning Money: The European Union dishes out its highest ever cartel fine to colluding truck makers | Share Radio - Podcasts