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Competition record

Volvo

Deep profile · 1 linked library matter

Volvo in this profile is the truck maker that sat in the European trucks cartel with Daimler, Iveco, MAN, and Scania. The companies coordinated gross list prices and the surcharges they attached to emission rules, and the Commission fined the cartel about €3.8 billion.

Overview

The Volvo in this profile builds heavy trucks. Fleets buy them to move freight. This is the truck maker, filed under the id volvo. A gross list price is the starting price in the manufacturer's book. Dealers and fleet sales teams discount from it. An emission surcharge is an added charge for the equipment that meets a new pollution standard. Both numbers shape what a haulier pays.

The Commission found Volvo and the other truck makers, including Daimler, Iveco, MAN, and Scania, coordinated those list prices and those surcharges. Volvo was part of the fined cartel. About €3.8 billion is the total associated with the case. Scania did not join the settlement and was fined separately. This profile does not state a fine that is Volvo's alone.

Library status is fined. The buyer is a fleet, a leasing company, or a public body replacing trucks. The list price they were quoted had been discussed among the manufacturers who were supposed to be the alternatives.

Competition footprint

Heavy trucks are the product under this id, the truck maker Volvo.

Coordinated gross list prices and coordinated emission surcharges are the two findings.

The about €3.8 billion figure is the cartel total. Volvo's separate arithmetic is not given.

Consumer & business angle

A European fleet comparing Volvo with MAN or Scania was comparing offers that started from coordinated lists.

Freight customers of that fleet pay the truck's cost indirectly, inside the rate for moving the goods.

What to watch

  • Fleet damages actions that treat Volvo as one of the settling truck manufacturers.
  • How emission-surcharge coordination is explained to buyers when a new pollution step adds a line to the quote.

Markets

heavy-duty trucks · fleet vehicle pricing · commercial vehicle pricing

Also known as: volvo trucks, volvo group

Conduct themes

price fixcartel coordination