European truck manufacturers may face 100 billion euros in claims

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.

<<:  Toyota provides Tokyo with hydrogen fuel cell buses that can be used as generators in emergencies

>>:  Singapore's first electric car EVA has no buyers and took 4 years to develop

Recommend

Analysis of the planning process of "Learn Together" online course activities

Figure 1-Case analysis mind map 1. User Path User...

The changes are huge? What are the changes in Android 5.0?

Less than a year after the last major update of t...

A brief history of mobile phone naming

superior Today I’m going to talk to you about mob...

From a global perspective, here are 4 tips to help you improve product activity

For all our promotions , we must identify the tar...

AI is taking programmers' jobs: AI may replace programmers in 2040

Some experts at Oak Ridge National Laboratory in ...

Coca-Cola's new slogan: How to kill the self-discipline villain

Some time ago, Coca-Cola changed its new slogan: ...

A 50s geek's adventurous life with radio

[Key points] Zeng Dejun, born in the 1950s, was bo...

Some people are alive, but their butts are already "dead"...

Work, work, I sit when I go to work, sit all day,...