AB Volvo Chairman Leif Johansson says he is not discouraged by the European Commission's denial of fast track approval for the company's intention to purchase Scania AB. “We are still convinced that we are creating a European company that is able to compete around the world,” he says. “The file we submitted shows that.” Mr. Johansson says he thinks Volvo made its case in the first phase of the approval process. While the EC now has four months in which to issue a final decision, the ...
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