Daimler Truck Holding AG and Volvo AB to Face Retrial

Daimler Truck Holding AG and Volvo AB to Face Retrial

By
Giovanni Rossi
1 min read

Daimler Truck Holding AG and Volvo AB are set to face a retrial in a €560 million ($603 million) case over a price-fixing cartel. The German appeals court ruled for the retrial, overturning a previous judgment that had dismissed the case. The lawsuit seeks to hold truck makers accountable for overcharging customers for their vehicles. Defendants in the case include Volkswagen AG’s MAN unit and Iveco Group NV. The retrial is expected to reignite the legal battle surrounding the alleged price fixing cartel, potentially impacting the automotive industry in Europe.

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