Cartels And Horizontal Agreements Developments In The EU In July 2016

In the following sections, we first provide a factual overview of the significant case developments at EU level, and thereafter provide detailed analysis of important substantive or procedural developments addressed in these cases.

1. Summary of Significant Case Developments

European Commission imposes record-breaking fines of € 2.9 billion against truck producers

On 19 July 2016, the Commission announced it had adopted a decision under the cartel settlement procedure fining truck producers a record breaking € 2.9 billion for their participation in a cartel on the market for medium and heavy trucks. The companies involved in the decision are MAN, Volvo/Renault, Daimler, Iveco and DAF.