Volvo, Renault Fight Truck Cartel Damages Suit

By Lucia Osborne-Crowley (September 17, 2021, 3:16 PM BST) -- Four Volvo and Renault subsidiaries have hit back against a lawsuit from more than 130 local authorities across the U.K. over a truck cartel, saying the alleged collusion did not affect net prices or cause the government bodies to lose money.

Subsidiaries of the Volvo/Renault group told the High Court in a Sept. 10 defense, which has just been made public, that the group of local authorities may not have suffered any loss as a result of the scheme. The Volvo/Renault subsidiaries make up four of 15 defendants in a suit arising out of a finding from the European Commission that they...

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