Volvo agrees to penalty over Iraq Oil-for-Food

Newswire

WASHINGTON, March 20 (Reuters) - Swedish truck and vehicle maker Volvo AB has agreed to pay a $7 million penalty as part of an agreement with the U.S. Justice Department in connection with a probe of the U.N. Oil for Food program for Iraq, the Justice Department said on Thursday. Under the agreement, Volvo acknowledges responsibilities for the actions of its subsidiaries, Renault Trucks SAS and Volvo Construction Equipment AB, who are accused of violating the Foreign Corrupt Practices act. ...

Premium Content (PAID Subscription Required)

"Volvo agrees to penalty over Iraq Oil-for-Food" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×