European truck manufacturers may face 100 billion euros in claims

Recently, according to Reuters, litigation management company Bentham Europe said it may file a claim of nearly 100 billion euros for price-fixing behavior by several of Europe's largest truck manufacturers.

Bentham Europe said on Monday it plans to support truck owners in a class action lawsuit against Volvo , Daimler, DAF, Iveco, Volkswagen's heavy truck brand MAN and other companies. The company said the European truck manufacturers have admitted to having price agreements for 14 years, so it plans to claim compensation on behalf of car owners.

It is reported that five companies including Volvo, Daimler, DAF, Iveco and Volkswagen's heavy truck brand MAN have admitted to price manipulation between 1997 and 2011, while Volkswagen's Scania is still under investigation.

Except for Volkswagen MAN, the other four truck manufacturers were fined 2.9 billion euros by European regulators in July for price fixing.

According to Bentham Europe, it estimates that during the period, major manufacturers will sell 10 million trucks in Europe, with each vehicle priced nearly 10,500 euros higher than the fair price.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.