Daimler Trucks, Dealers Fined by U.K. for Price Fixing

The U.K.'s Office of Fair Trading has fined Daimler AG's Mercedes-Benz truck unit and five of its dealers 2.8 million (€3.3 million) for anti-competitive activities.

The OFT says the parties coordinated prices and sharing commercially sensitive information in 2007-2010. The charges are slightly broader and the fines a bit higher than the settlement the anti-trust watchdog announced in February.

Mercedes says it has cooperated with the OFT and strengthened the company's internal controls.

Last year the U.K. watchdog dropped a separate investigation into allegations that Mercedes trucks and Fiat Industrial SpA's Iveco commercial vehicles unit were part of a cartel of truckmakers. EU regulators are pursing that matter in a probe that also includes MAN, Scania and Volvo trucks.