Spanish court orders Iveco, Daimler, to pay EUR 44,000 in truck damages

A Spanish commercial court has ordered truck makers Iveco S.p.a. and Daimler AG to pay EUR 44,457 to two plaintiffs in compensation for overcharge due to their involvement in a European truck cartel.
 
According to the two recent rulings, the Juzgado de lo Mercantil No. 1 of Pontevedra partly dismissed the damages calculation advanced by the claimants, establishing instead that the overcharge amounted to 9% of the vehicle’s purchase price plus interest.
 
The claims followed a July 2016 European Commission (EC) decision imposing a EUR 2.92bn penalty on Daimler, Iveco, Volvo/Renault and DAF for fixing the prices of heavy and medium heavy trucks between 1997 and 2011. MAN avoided a penalty for blowing the whistle on the infringement.
 
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