Scania loses battle against price fixing cartel ruling, ordered to pay EUR880m
By Bradley Osborne - 27th February 2024
Luxembourg / Sweden – According to a Reuters report, the Court of Justice of the European Union (CJEU), the chief judicial authority within the union, has rejected the appeal of Scania AB of Södertälje, Sweden against a 2022 ruling which ordered the commercial vehicle manufacturer to pay a fine for its involvement in the 1997-2011 truck price fixing cartel.
In a European Commission ruling dated 27 September 2017, Scania was handed a fine of EUR880m for its involvement in a cartel involving five other manufacturers – DAF, Daimler Truck, Iveco, MAN, and Volvo – which sought to pass on the cost of complying with EU emissions regulations onto customers by fixing truck prices. Of the six manufacturers convicted in the 2017 judgement, Scania was the only one to contest the result, filing an appeal with the General Court of the European Union. It lost that appeal in 2022, and so the Swedish manufacturer took its appeal to the CJEU, the highest court in the union.
