Scania Appeals to European Court of Justice Against Antitrust Ruling

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By Dominic Chopping

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STOCKHOLM–Swedish truck maker Scania said Monday that it has appealed to the European Court of Justice against a ruling that it violated EU antitrust rules.

In 2017, the European Commission held Scania liable to pay a fine of over 880 million euros ($957 million) for allegedly participating in inappropriate exchanges of information and collusion with other European truck manufacturers with regard to pricing and the introduction of emissions technologies between 1997 and 2011.

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Scania appealed to the General Court of the EU, which earlier this year ruled in favor of the EU Commission.
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“Scania still contests all findings of the EU Commission, as confirmed by the General Court, and maintains that the company neither entered into any pan-European agreement with other manufacturers with regard to pricing, nor colluded to delay the introduction of new engines compliant with EU legislation for exhaust emissions,” Scania said Monday.

Write to Dominic Chopping at [email protected]

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Credit: www.marketwatch.com /

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