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Mar 10, 2011

TRUCKMAKERS' LAWSUIT * Europe - EU starts antitrust probe into truckmakers

Brussels,Belgium -Reuters, by Karolina Tagaris, & Gary Hill -Mar 3, 2011: -- European antitrust officials are investigating allegations that some of the world's biggest truckmakers have fixed prices and delivery times for more than a decade, the Financial Times said on Friday... Germany's MAN Group and Daimler, Sweden's Volvo AB and Scania and Italy's Iveco are among the companies investigated, while the probe does not appear to include Britain, where a separate investigation was launched last year, the FT said, citing unnamed sources close to the situation... The newspaper said MAN, which claims to have uncovered the scheme spanning half a dozen European countries, had alerted the European Commission. It is likely to escape a penalty after acting as a whistleblower in the case, it added... MAN declined comment. Daimler, Volvo, Scania and Iveco were not immediately reachable...

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