Vehicle makers in price-fix probe

Lorries queuingThe OFT is at the early stages in its probe into price-fixing allegations among British lorry makers

A number of Europe’s best-known vehicle makers, including Mercedes-Benz, are at the centre of a price fixing investigation by the Office of Fair Trading.

The OFT confirmed it had launched both criminal and civil investigations into suspected price-fixing by major lorry manufacturers in the UK

The OFT said it was looking into suspected cartel activity.

It said the investigations were at an early stage.

An OFT statement sent to the BBC said it was therefore not able to comment.

The probes are being carried out under both the Enterprise Act 2002 and the Competition Act 1998.‪

Proven price-fixing carries big fines for companies and criminal prosecutions against executives.

The OFT told the BBC it has visited the UK offices of Daimler’s Mercedes-Benz as part of a broad-ranging investigation into the pricing of trucks.

Mercedes has offices at Tongwell, near Milton Keynes.

Other companies could not be reached for immediate comment.

This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

Leave a Reply

Your email address will not be published. Required fields are marked *