The UK Office of Fair Trading raided the offices of a truck manufacturer in Britain Thursday and arrested at least one executive in a price-fixing investigation.
The OFT raided the offices of Mercedes-Benz in England and arrested Ian Jones, managing director of the Daimler subsidiary's UK commercial truck unit.
On the JOC list of Top 10 U.S. Trading Partners, the United Kingdom is No. 5 for receiving U.S. exports and No. 6 for sending imports to the U.S.
Jones was later released on bail, according to The Daily Telegraph newspaper. He is a board member of Britain's Freight Transportation Association.
In addition to Mercedes-Benz, the OFT requested information from Sweden's Scania, Volvo, Germany's MAN and Iveco, owned by Italian automaker Fiat.
The UK government agency released no details about the arrest or the exact price-fixing allegations against the European truck makers.
"The investigation is at an early stage," the OFT said in a statement.
The agency said it "will not be in a position to conclude whether it considers the law has been infringed until it has completed its investigation."
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