European truck makers are sued for £100m over price-fixing ‘cartel’
An alliance of 27 brewers, retailers and other UK firms have launched a £100million legal claim against a ‘cartel’ of European truck manufacturers.
Adnams, Timothy Taylor and Fuller’s, as well as Poundland, are among those to have appointed lawyers from Edwin Coe to sue in London’s High Court.
The legal action was filed last week.
Poundland is among those to have sued a ‘cartel’ of European truck manufacturers
Other British companies that have signed up to the class action include JJ Food Service, laundry firm Bates of London and glazier Glassex. Industry body the Road Haulage Association is co-ordinating a separate group claim.
More firms could join the group action, which lawyers say will be worth up to £100million.
At least three other class action suits are planned claiming compensation in London.
It is thought that total compensation in the UK could reach £5billion for 600,000 trucks purchased or leased.
The European Commission in 2016 found that truck makers had formed a price-fixing cartel, overselling their vehicles by up to £10,000 between 1997 and 2011. Volvo, Renault, Daimler, Iveco and DAF were fined a record £2.6billion.
Truck firm Man avoided a fine because it blew the whistle. Scania was also later fined.