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Mar 24, 2017

TRUCKING FEDERATIONS * Europe - Taken steps to obtain compensation

* Berlin - Agreement between truck manufacturers: the European federations are mobilizing

--- Nearly eight months after the European Commission's € 2.93 billion record fine for six carmakers (DAF, Daimler, Iveco, MAN, Scania and Volvo / Renault) for illegal cartels on prices, federations European authorities have approved the procedures on behalf of their members. "We record a success with European federations carriers", notes Laurent Geelhand, partner with the international law firm Hausfeld, specializing in competition law and actions for damages. "This momentum is expected to find amicable solutions to The members" ... The Swedish, Dutch and German federations have taken steps to obtain compensation. Other actors are approaching the leaders of SMEs... Achieving an economic solution that makes sense for European carriers who are victims of anti-competitive practices. This is the lengthy and titanic work of law firms specializing in competition law and funds specialized in the financing of litigation... Laurent Geelhand, said "We record to date 250 000 vehicles in Europe, including 100 000 in France. In total, an estimated 7.5 million people heavyweights ( PL) of + 6t, purchased or leased, affected by the agreement between the manufacturers over the period 1997-2011" ... According to estimates of the firm Hausfeld, if a company has purchased 100 PL (+ 6 t) at a price of 80 000 € in the 1997/2011 period and if it is established that prices are artificially increased 10 %, the company could potentially recoat 8 000 € per PL, 800 000 € for the fleet... As for the investigation already concluded in July 2016, DG Competition is working to publish a non-confidential version as soon as possible... 
 (Photo: "We can estimate at 7.5 million, the number of heavy trucks of +6 t, bought or leased, affected by the agreement between the manufacturers over the period 1997-2011," Laurent Geelhand, associate lawyer at Hausfeld)   --  Berlin, Germany - ACTU, by LOUIS GUARINO - 24 March 2017

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