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TRUCKMAKERS' NEWS WORLDWIDE
* Sweden - Volvo pays fine for Iraq violations
Stockholm,Sweden -Bloomberg/The Detroit News -21 March 2008: -- AB Volvo will pay back the profits that two of its subsidiaries made under the oil-for-food program in Iraq -- plus a fine of $19.6 million -- to avoid prosecution, the Swedish truck maker said Thursday... The company said it has entered agreements with the U.S. Securities and Exchange Commission and the U.S. Department of Justice, resolving issues related to the oil-for-food program...
Labels: truckmakers news worldwide
posted by Unknown @ 7:02 AM
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