Volvo Group makes a provision of SEK 7 bn relating to estimated costs to address degrading emission control component issue
As previously communicated, the Volvo Group has detected that an emissions control component used in certain markets and models may degrade more quickly than expected, affecting the vehicles emission performance negatively. The Volvo Group will in the fourth quarter 2018 make a provision of SEK 7 bn, relating to the estimated costs to address the issue.The estimated costs are based on several factors such as testing of vehicles, statistical analysis and dialogue with relevant authorities. The next step will be to define how to implement corrective actions concerning the component in