Manufacturer · EUR 670m
Trucks cartel claim: Volvo and Renault Trucks
The Commission established joint and several liability for Volvo AB across both of its subsidiaries. Operators of either network hold the same rights.
Joint and several liability across both brands
Although Volvo Trucks and Renault Trucks run separate commercial networks, the Commission held them jointly and severally liable. Having acquired Renault Trucks in the early 2000s, the Swedish parent was sanctioned for exchanging strategic information and fixing wholesale gross prices for both brands.
In practice, a haulier whose fleet mixes Renault Magnum and Volvo FH units can group every vehicle into a single file, with no distinction by brand.
|
Model |
Brand |
Eligible acquisition years |
|---|---|---|
|
Magnum |
Renault Trucks |
1997 to 2013, all engine variants |
|
Premium |
Renault Trucks |
Route and Distribution series above 6 tonnes |
|
Kerax |
Renault Trucks |
Construction and quarrying |
|
Midlum |
Renault Trucks |
Medium distribution above 6 tonnes |
|
T, C and K ranges |
Renault Trucks |
First Euro 6 models, 2013 to 2014 |
|
FH, FH12, FH16 |
Volvo Trucks |
International long-haul |
|
FM and FL |
Volvo Trucks |
Heavy, regional and urban distribution |
|
FMX |
Volvo Trucks |
Construction and site work |
The three strands of the infringement
Investigators showed that representatives of both brands coordinated prices at secret meetings. The arrangement covered gross price scales across the continent, the deliberate delay of the Euro 3 to Euro 6 standards, and passing the full cost of emission control equipment on to hauliers.
Contracts taken out with Volvo Financial Services or Renault Trucks Financial Services are fully eligible: these captives applied the scales derived from the cartel. The rules are identical whatever the financing: see outright purchase or credit, leasing and hire purchase, long-term hire and trucks sold or scrapped.
How your claim is calculated
The original overcharge is only part of your claim. The decisive lever is the compounding of statutory late payment interest, accrued over twelve to twenty-eight years.
Worked example: for a fleet of 5 Renault Magnum and 5 Volvo FH acquired between 2003 and 2008 at an average of EUR 105,000 net, the overcharge is EUR 15,750 per vehicle. With an interest multiplier of 2.0 to 2.4, the recoverable amount for the fleet sits between EUR 315,000 and EUR 378,000.
Eligibility check
Send us your invoices, lease agreements, registration documents or asset registers covering 1997 to 2014.
Audit and firm offer
Our lawyers and econometricians quantify your claim within four weeks.
Guided decision
You choose between a cash purchase of your claim within 30 days and litigation on a success-fee basis.
Payment released
The compensation is credited directly to your company bank account.
Frequently asked questions
The other sanctioned manufacturers
All the analyses in this section, plus the Manufacturers hub for the overview.
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