Volvo reached settlement with EC, will pay fineStaff Writer | July 19, 2016
The Volvo Group has reached a settlement with the European Commission putting an end to a long-running EU antitrust investigation.
Volvo Group Operating income amounted to SEK M
An additional provision will have a negative impact of EUR 20 M (SEK 0.2 bn) on the operating income in the third quarter of 2016.
The anti-trust investigation concerns the time between 1997 and January 2011 and involves the Volvo Group as one of 6 manufacturers. The focal point of the case is the coordination on gross list prices but also the introduction of new emission related technologies. ■