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...Assets in US DAFs reached $234bn in 2021, up 40 per cent year on year; payouts from DAFs to charities (or, in some cases, to other DAFs) rose at a slower pace of 28 per cent, to $46bn....
...Travers Smith, which acted for Dutch group DAF, did not comment immediately....
...That decision voided the funding agreement in a competition case brought by the Road Haulage Association and other hauliers against DAF and other truckmakers....
...Adam Vicary, the chief executive of Castings, a Midlands-based foundry business that makes components for the heavy truck industry, with EU clients including Volvo, Scania and DAF, said he was concerned...
...Signify, the former Philips lighting division, chipmaker NXP and truckmaker DAF are also innovators based in Eindhoven....
...An alliance of Daimler, Scania, Man, Volvo, Daf, Iveco and Ford have signed a pledge to phase out traditional combustion engines and focus on hydrogen, battery technology and clean fuels....
...We had followed the blue back of his huge 40-tonne 460hp DAF lorry across Europe to Suceava, guided by memory maps in Ian’s head....
...Last year investors made a record $10.3bn in these DAF grants, 41 per cent more than in 2019, ie before the pandemic. This is striking....
...DAF users tend to distribute a larger percentage of their funds each year than foundations, but some estimates suggest one in four DAF sponsors give out less than 5 per cent....
...The lawsuits were filed after a commission settlement decision against Daimler, Volvo, MAN, Iveco and DAF in which it found the companies co-ordinated the pricing of trucks between 1997 and 2011, leading...
...collection of works by the Swedish trombonist Christian Lindberg, a disc of contemporary concertos for mallet instruments, and an improvised recording with the Danish guitarist Jon Hemmersam and Iranian daf...
...: even as the ghost of Nina Simone hovers over “Brown Baby”, a pattering frame drum is at work; on a version of the traditional night visiting song “Little Margaret” the only accompaniment comes from a daf...
...DAFs have pulled billions of dollars out of other investment vehicles and committed it to charitable causes. The transparency required of DAFs is the same as that of public charities....
...No such legal requirement exists for money in DAFs. What is certain is that the higher subsidy for DAFs is accompanied by lower transparency....
...For those donating at least five figures, donor-advised funds (Dafs) can be a better way of donating money while keeping control over where it is distributed....
...The increasingly popular DAF is a type of account held by a nonprofit -- in this case an arm of an asset management group -- while the donor decides what to do with the money....
...Fines to the other members of the group were reduced between 50 to 10 per cent: Volvo/Renault paid €676m, Daimler was fined €1bn, Iveco’s levy was €465m and DAF’s bill was €753m. Image source: Getty...
...Philanthropic vehicles such as Dafs are attractive to people when their financial circumstances change....
...Now, the UK government has given £8.1m to Transport Research Laboratory to run the tests, using Dutch lorry maker DAF Trucks, German delivery group DHL and UK technology company Ricardo....
...Fines to the other members of the group were reduced between 50 to 10 per cent: Volvo/Renault paid €676m, Daimler was fined €1bn, Iveco’s levy was €465m and DAF’s bill was €753m....
...In July last year Brussels found five truckmakers — Iveco, DAF, Volvo/Renault, Daimler and MAN — guilty of colluding to raise prices together and fined them €2.93bn....
...Brussels in July 2016 fined Iveco, DAF, Volvo/Renault and Daimler a total of €2.9bn for their involvement in the truck cartel, which lasted 14 years and was mainly organised via the companies’ German subsidiaries...
...The total amount granted to UK charities from DAFs nudged over £183m — up 25 per cent from the previous year....
...Before the EU announcement, four of the companies — Iveco, DAF, Volvo and Daimler — had between them set aside €2.85bn to cover the costs of penalties....
...The companies are Iveco, DAF, Volvo/Renault, Daimler and MAN. MAN, as the whistleblower in the case, has avoided a penalty that would have been €1.2bn....
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