Truck Firm Volvo Expects 440 Million SEK Q3 Charge After U.S Court Ruling

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Truck Firm Volvo Expects 440 Million SEK Q3 Charge After U.S Court Ruling

Truck Firm Volvo Expects 440 Million SEK Q3 Charge After U.S Court Ruling
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Truck Firm Volvo Expects 440 Million SEK Q3 Charge After U.S Court Ruling

by Wochit 0:39 mins

Truck Firm Volvo Expects 440 Million SEK Q3 Charge After U.S Court Ruling

by Wochit 0:39 mins

AB Volvo said at the weekend it expected a 440 million Swedish crown ($64.35 million) hit to operating income in the third quarter after a U.S. court upheld a fine over emissions rules compliance. Court of Appeals for the District of Columbia Circuit ruled it must pay penalties and interest of approximately 508 million crowns related to the emissions compliance of some Volvo Penta diesel engines. The company said in a statement"Volvo will now review the ruling in detail, and consider whether to appeal or not."

Wochit

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