New Spanish trucks rulings reach fresh conclusions on costs, interest
04 November 2019 - 12:00 am UTC
Two Spanish commercial courts have recently granted damages to claimants seeking redress for a European truck cartel, but have reached new conclusions concerning the due costs and interest.
An Oviedo court ordered Daimler to pay EUR 12,734 to a claimant, but found that the firm must only pay interest accrued since the filing of the claim, while a Pontevedra judge, who also granted damages, instructed MAN to bear the costs of the proceedings due to its obstructive strategy.
The actions follow the July 2016 European Commission (EC) decision imposing a EUR 2.92bn penalty on truck makers Daimler, Iveco, Volvo/Renault and DAF for fixing the prices of heavy and medium heavy trucks between 1997 and 2011.
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