As part of the settlement, Waberer’s has reduced its compensation claim by €2.8 million to €23.8 million plus interest. While the terms of the agreement are confidential, Waberer’s confirmed that the legal case against the remaining manufacturers continues.
The European Commission’s investigation in 2016 revealed that several truck manufacturers, including Daimler, DAF, Iveco, MAN, and Volvo/Renault, had violated EU competition laws between 1997 and 2011. These violations included price coordination, collusion on the timing of new emission technologies, and passing on related costs to customers. In 2017, Scania was fined €880 million for its involvement, bringing the total fines imposed on the cartel to nearly €3 billion.
In response to these findings, Waberer’s filed a lawsuit in 2017 in a Munich court, seeking compensation for damages related to trucks it purchased or leased during the cartel’s operation. The company’s initial claim targeted multiple manufacturers and remains active against those yet to reach a settlement.
This latest settlement follows a previous agreement announced in April 2023. In that case, Waberer’s reduced its compensation claim from €26.6 million to an undisclosed amount after reaching an out-of-court settlement with another unnamed manufacturer. Like the recent settlement, the details of the agreement were confidential, and the manufacturer was released from the lawsuit.
Waberer’s continues to pursue its claims against the remaining manufacturers involved in the cartel. The company has stated it will disclose further updates on the lawsuit as required by law, signaling its commitment to holding other parties accountable for the damages incurred during the cartel’s operation.