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Daimler settles UK truck-cartel damages suits with Hertz, Balfour Beatty, others

( August 16, 2023, 16:30 GMT | Official Statement) -- MLex Summary: Truckmaker Daimler has reached settlement agreements with car rental group Hertz, infrastructure group Balfour Beatty and others relating to their UK antitrust damages lawsuits over cartelized pricing, orders from the UK's specialized competition court show. The claims followed findings by the EU antitrust regulator that truckmakers colluded between 1997 and 2011 over prices for medium-sized and heavy trucks, before passing on the costs of emission-reducing technologies.Orders attached....

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