Volvo Wins Arbitration Case Concerning Defective Components
By Business Wire News
The Volvo Group (STO:VOLVB) (STO:VOLVA) has won a case in the Arbitration Tribunal relating to defective components delivered by an international supplier. The deliveries were made several years ago and the problem was corrected in the production process many years ago. The current assessment is that the outcome will have a positive impact of approximately SEK 800 million on the Volvo Group’s operating profit in the fourth quarter.
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The Volvo Group is one of the world’s leading manufacturers of trucks, buses, construction equipment and marine and industrial engines. The Volvo Group also provides complete financial services. Volvo employs approximately 100,000 individuals, has production facilities in 19 countries and sales in more than 190 markets. The Volvo Group reported sales of approximately SEK 283 billion in 2014 and is listed on Nasdaq Stockholm. For more information, visit www.volvokoncernen.se or www.volvogroup.mobi if you are using a mobile telephone.
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