Truckmakers Said to Face Record EU Fines in Price-Fixing Probe

  • Decision seen as soon as this month, with most firms settling
  • Fines seen higher than $1.9 billion penalty for Libor rigging

Truckmakers including Volvo AB and Iveco face record fines from the European Union for charges of price fixing, a total that will exceed the 1.7 billion-euro ($1.9 billion) penalty for banks after the Libor scandal, according to five people familiar with the EU probe.

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