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OFT investigating truckmakers for 'suspected cartel activity'

Scania, Daimler and MAN are among those suspected of price-fixing.

The UK Office of Fair Trading is investigating several leading European truck manufacturers, including Scania, Daimler and MAN, on suspicions of running a price-fixing cartel.

The OFT said it is at an early stage of investigating "suspected cartel activity involving commercial vehicles."

The watchdog's investigators visited the UK offices of Daimler-owned Mercedes-Benz this week, and have requested information from Scania of Sweden and MAN of Germany.

Mercedes and Scania have said that they are co-operating with the inquiry.

According to the Financial Times, Iveco - owned by Italy's Fiat - said it was aware of, and would co-operate with, the investigation involving "all the truck manufacturers in the UK".

The OFT has launched both civil and criminal investigations into the suspected price-fixing, which could lead to big fines for the companies and criminal prosecutions against executives. However, it pointed out that it has not yet concluded whether the law has been broken.

One person has been arrested and released on police bail in connection with the case.