Europe's top truck makers face 100b euro damages in wake of cartel fines

London

LITIGATION management company Bentham Europe plans to fund a potential 100 billion euro (S$152 billion) damages claim against Europe's biggest truck makers after they admitted to operating a 14-year price cartel.

Bentham said on Monday it intends to back a group action on behalf of truck buyers who fell victim to the cartel involving Volvo, Daimler, Paccar's DAF, CNH Industrial's Iveco and Volkswagen's MAN.