October 3 - Truck manufacturer, Scania has decided to appeal against the European Commission's (EC) decision to fine it EUR881 million (USD1.035 billion).
Last week the EC said that Scania had broken EU antitrust rules and colluded with five other truck manufacturers on truck pricing and on passing on the costs of new technologies to meet stricter emission rules.
In an official statement Scania said it has reviewed the decision by the EC concerning inappropriate exchange of information during the period of 1997-2011.
It added that it strongly contests all the findings and allegations made by the EC, and will appeal against the decision in its entirety.
Scania also emphasised that it has cooperated fully with the EC by providing it with requested information and explanations throughout the entire investigation period.
Collectively, the EC has now levied penalties of around EUR3.8 billion (USD4.7 billion) against Europe's major truck manufacturers, with several manufacturers including Volvo Group, Mercedes-Benz parent Daimler, Iveco and DAF being fined EUR2.9 billion (USD3.4 billion) last year. MAN was found guilty of breaking EU antitrust rules also but was spared a fine due to its status as whistle-blower.