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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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Aug 18, 2016

Can't meet EPA's pricey truck rules? * USA: Just pay the fine !!!

* DC - Truckmakers will just pay fines in lieu of compliance
--- The Obama administration is letting trucking companies buy their way out of new climate rules, by simply paying a fine if they can't comply... The Environmental Protection Agency and the Department of Transportation finalized the new joint greenhouse gas and fuel efficiency rules for big semi-truck haulers, vans and school buses on Tuesday... Buried deep in the rules are changes to a complicated fining mechanism that the agency uses to continue progress when companies, for economic reasons, cannot comply... Many large manufacturers and trucks fleet operators, such as engine maker Cummins and heavy-duty truck owners Waste Management, Pepsi Co., say they support the rules. But there still is concern among truck retailers, who fear smaller companies could be hurt by the rules... The EPA says manufacturers and truckmakers will just pay fines in lieu of compliance. The hope is that the penalties are temporary and the companies step up to comply... The penalties aren't the more common penalties EPA uses to enforce its regulations. These are a new class of fines called "nonconformance penalties" ... So, basically, a company pays the fine, instead of meeting the standard...
(Photo)  --  Washington, DC, USA - The Washington Examiner, by JOHN SICILIANO - 18 Aug 2016

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Jul 19, 2016

EUROPEAN TRUCKMAKERS * Fined with 3,32 billions Euros - ** Each country hauliers could sue too

* Belgium - EU to fine truck makers over price-fixing and other collusion 

--- The European Union’s antitrust regulator is poised to impose its largest cartel fine ever on Tuesday, handing truck makers around €3 billion ($3.32 billion) in penalties after a probe into price-fixing and other collusion, several people familiar with the matter said... The European Commission has been investigating a handful of European truck makers for around five years over suspicions they fixed prices and colluded on timing over when to implement new emissions control technologies... U.S. heavy-truck maker Paccar Inc. said earlier this year it put aside $942.6 million for the case. Paccar’s European unit, DAF, makes trucks in the Netherlands, Belgium and the U.K. and sells them in Western and Eastern Europe... Germany’s Daimler AG has also said it has provisioned for more than €600 million in connection with the probe, while Iveco, a unit of Netherlands-based CNH Industrial NV, in March said it had set aside around $500 million... Swedish truck maker Volvo AB in late June boosted its provision to a total of €650 million...
(PHOTO: AGENCE FRANCE-PRESSE/GETTY IMAGES - European Union members' flags in front of the European Parliament in Strasbourg)  --  Brussels, Belgium - The WSJ, by VALENTINA POP and NATALIA DROZDIAK - July 18, 2016


** Ireland - Truck makers may be sued by Irish hauliers in wake of fine 

--- European Commission fines Daimler, DAF, Iveco and Volvo/Renault over price fixing... Irish hauliers could sue the truck makers on which the EU yesterday imposed a record €2.9 billion fine for price fixing cartel between 1997 and 2011... Volkswagen-owned MAN was also involved in the scheme, but escaped a penalty because it tipped off the commission to the cartel’s existence... Under European law, Irish trucking companies that bought vehicles made by any of the companies during the period can sue the manufacturers if they believe they suffered damage as a result of the price fixing... President of Irish Road Hauliers’ Association Verona Murphy confirmed that new legislation due to come into force in the Republic by the end of this year would make it easier for anyone in this jurisdiction to take action against the companies found guilty of price fixing... Ms Murphy explained the new law, an EU directive, is due to come into force here by December 27th this year. It will allow Irish people to sue in the Republic’s courts on foot of rulings by other European competition authorities... 
Dublin, Ireland - Irish Times, by Barry O'Halloran - Jul 19, 2016

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May 31, 2016

ANTITRUST: 4 Bn. E$U FINES * Europe / Germany: AGAINST TRUCKMAKERS

* Munich - VW's truck schizophrenia


-- The European Union could impose a €4 billion fine, its highest ever, on five truck manufacturers, including Volkswagen and Daimler. One VW truck maker, MAN, is cooperating with investigators while another, Scania, may be hit with a big penalty... Volkswagen’s acquisition of Scania last year, as part of its push to challenge commercial vehicle market leader Daimler, could prove to be a pricey and dicey move... But Scania is one of five companies, including Daimler, facing possible cartel fines of more than €4 billion ($4.53 billion), Handelsblatt has learned from sources familiar with the case... If that happened, the truck manufacturers would be paying the highest cartel fine ever imposed in Europe. All companies involved have declined to comment... The penalties would deal a serious blow to VW and the other truck makers whose sales in Europe have been slumping for months. Fierce competition for customers has led in many cases to massive discounts that are certain to impact the companies’ bottom lines... In November, the European Union sent charges to DAF, Iveco, Volvo and MAN, which is owned by Volkswagen, in addition to Daimler and Scania, accusing the European truck manufacturers of operating a long-running price-fixing cartel... The case puts VW in a difficult position – and has created a daunting challenge for the new head of its truck division, Andreas Renschler, who has been tasked with combining the company’s truck manufacturers MAN and Scania... 
(Bloomberg Getty Images: MAN truck repairs source) -- Munich, Germany - The Handelsblatt, by MARKUS FASSE & MARTIN MURPHY - (originally published 24 Feb 2016)  


* Meanwhile, MAN’s restructuring is far from complete... 

--- The partnership with Scania is helping, with MAN taking over the Swedish company’s large gear business while Scania manufactures axles for the Germans... In the future, the two companies will also cooperate in the development of engines and systems for the after-treatment of exhaust gases. Filters for diesel engines are already almost as expensive as the engines themselves... The truck maker is also expected to survive a European truck cartel investigation (See above) without fines, because it alerted the European Commission of price fixes in 2011... 
Munich, Germany - Handelsblatt Global Edition, by Markus Fasse - 30 May 2016

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Aug 2, 2013

* South Korea - TRUCKMAKERS FINED

* SK - Seven truck makers fined for rigging prices

Sejong,S.K. -Yonhap/Global Post -July 29, 2013: -- South Korea's antitrust watchdog said Monday that it has decided to fine seven truck manufacturers a combined 116 billion won (US$104.5 million) for colluding to fix prices... The companies include Hyundai Motor and Scania Korea, which were ordered to pay 71.7 billion won and 17.6 billion won, respectively, according to the Fair Trade Commission (FTC). Volvo Group Korea was also fined 17 billion won... Those companies were accused of secretly holding meetings every two to three months and sharing business information on pricing policies, inventories and timetables for launching new products from 2002 to 2011 in order to avoid competition... The FTC added that they also made decisions on when and by how much they would raise the prices of their products based on information they shared through the covert meetings... The price rigging efforts apparently resulted in a steady hike in prices of large-sized commercial trucks, including dump trucks and tractors, regardless of supply and demand or changes in currency exchange rates during the cited period, the watchdog said...

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