The Road Haulage Association (RHA) has taken the next step in its US$5 billion claim for compensation from a group of commercial vehicle manufacturers with submission of its application to the Competition Appeal Tribunal.
In July 2016, DAF, Daimler, Iveco, MAN, and Volvo/Renault all admitted to having participated in a price-fixing cartel between 1997 and 2011. Scania denied any wrongdoing but, following an investigation by the European Commission, was also found to have participated in the cartel. Collectively, the truck manufacturers were fined more than US$3.8 billion.
RHA chief executive Richard Burnett said, “We estimate that the truck cartel will have impacted upon the buyers of 600,000 trucks that were purchased in the UK between 1997 and 2011, amounting to a potential compensation claim of over US$5 billion. On the same basis, we estimate that operators in the rest of Europe bought 3.4 million trucks and could also be due compensation of over US$25 billion.”
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