EU Regulators Fine Daimler, Volvo, Others $3.2B over Price Fixing

Reuters reported that regulators from the European Union leveled a fine of $3.2 billion (€2.9 billion) against European truck manufacturers Daimler, Volvo, Iveco and DAF for fixing prices and stalling the implementation of new emission related technologies.

Reuters said that Daimler was fined $1.10 million (€1 million), DAF was fined $829.79 million (€753 million), Volvo was fined $738.82 million (€670 million) and Iveco was fined $545.48 million (€495 million).

According to Reuters, the €2.9 billion fine set an EU record, more than doubling a €1.4 billion penalty from 2012.

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