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Cartel of truck manufacturers could face a compensation bill of nearly £4bn

A second law firm and a financier have joined a class action against a group of truck manufacturers, offering support to claimants.

Hausfeld has teamed with Burford Capital to offer legal and financial help to hauliers affected by the truck cartel.

Last year, the European Commission imposed a fine of €2.9bn on five lorry makers – Daimler, Volvo, Renault, Iveco and DAF – for coordinating the selling price of trucks over a 14-year period to 2011. MAN, as the whistleblower, was exempt from the fines, while Scania is still under investigation.

As a result of the collusion, companies across the European Economic Area that bought or leased medium or heavy-duty trucks from any of the members of the cartel have a right to compensation if they suffered losses as a result of higher prices they had to pay. They may also claim interest.

The UK Road Haulage Association (RHA) believes compensation of around £6,000 per truck is likely.

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