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Truck makers face $17.5 billion price-fixing class-action lawsuit

Posted On: Jan. 12, 2022 9:25 AM CST


U.K.-based law firm Weightmans LLP is looking to launch a class-action lawsuit against five European truck makers, including AB Volvo and Daimler AG, seeking up to £13 billion ($17.5 billion) in damages for alleged truck price-fixing, Proactive Investors reported citing Telegraph. Iveco SpA, MAN SE and DAF Trucks NV are also among the five truck makers accused of fixing prices for 14 years, starting from 1997.