Daimler AG, Paccar Inc.’s DAF Trucks, Volvo-Renault and Iveco agreed to pay European Union regulators a record 2.93 billion euros ($3.24 billion) in fines for fixing truck prices over 14 years. Daimler got the largest penalty of 1.01 billion euros and DAF will pay 752.7 million euros as part of a settlement with the European Commission that cut potential fines by at least 10 percent. Volvo and Renault share a 670.4 million euro fine and Iveco, now owned by CNH Industrial NV will pay a 494.6 million euro fine. Volkswagen’s Scania unit refused to settle the case and may face a possible fine in the future, the commission said in an e-mailed statement Tuesday. MAN SE, also owned by Volkswagen, escaped fines for being the first to inform the EU of the cartel. The fines exceed an initial 1.7 billion-euro penalty for banks after the Libor scandal. The auto industry is the focus of investigations by competition authorities across the world. Mitsubishi Electric Corp. and Hitachi Ltd. agreed to pay a 138 million euro EU fine in January for a car-parts cartel. Manufacturers of ball bearings to car and truckmakers were jointly fined 953 million euros in 2014.