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One reason is the larger, more spacious cab. Particularly for highway applications, the 28-year-old CH cab is smaller than what the competition offers. Drivers can't stand up right out of the seat. Volvo, for 15 years, has exhibited no interest in addressing this issue (until finally......next year).

The first and second generation GM Volt, brought about by the brilliant Bob Lutz, and the high range (about 200 miles) pure-electric Bolt, are no joke. With GM's new deeper cooperation with LG, you're going to see some amazing developments.

Piech wanted Winterkorn removed, but instead Piech got ousted as chairman. He still wanted Winterkorn out, and now wanted revenge for his ousting (he had led VW for several decades). There's little doubt that Piech had something to do with the emissions scam coming to light.

Scania’s Martin Lundstedt receives Pontus Schultz Award for more humane business Dagens Transport / September 29, 2015 Martin Lundstedt is this year's recipient of Pontus Schultz award for a humane economy. He was handed the award for his work as President and CEO of Scania, where he made diversity a key part of the company's business model. The award is given annually by the Pontus Schultz foundation to individuals in the business community who have made significant efforts to increase diversity, equality and sustainability.. Martin Lundstedt was presented with the award for his seminar "Moving Limits - about the importance of biodiversity to Sweden's competitiveness", which was also organized by the Foundation. “I'm incredibly proud of the work that I, together with my colleagues at Scania has implemented attention with this fine award,” says Martin Lundstedt. “For me, the recruiting talents with a diversity of backgrounds and experience just the starting point for a variety of work. It is primarily about implementing a diversity perspective in the analysis and approaches where different people's way of interpreting the world need to be included in the daily work. For companies operating on a global market, this is today crucial for continued success.” The judge’s motivation: "This year's laureates are constantly in motion, moving boundaries and challenge the prevailing view. In his role as Scania CEO, Martin Lundstedt has put a heavy truckmaker companies rolling at high speed by making diversity and inclusion a part of the business model. He has not only made ​​it because he is convinced it is the right thing, he has made ​​it to secure the value and future business opportunities in the global market. This year's laureate is a person who stands for its values ​​and the jury is convinced that he will continue to be a leading voice and force for a more humane business when he is now taking on the next challenge. " The foundation’s board took note of Martin Lundstedt’s accomplishments: - He set diversity as one of Scania's priorities for 2020 with the aim of removing labels such as gender, ethnicity and age and instead thinking skills, experience and attitude. - That during his time at Scania initiated a number of projects to identify improvement areas in which the diversity perspective is missing. At Scania, which has 42,000 employees in 100 countries, diversity is seen as a business issue, and developments are monitored with clear indicators relating to diversity in leadership positions and how the understanding of diversity can be turned into pure business value. - Scania's top management during Martin's tenure as CEO came to consist of people with 5 different nationalities. - That the requirement to be Swedish is abolished in the company's trainee program. Sara Öhrvall, chairman of Pontus Schultz Foundation, said of the award winner: “Martin Lundstedt has a long and solid work on Scania diversity on the management team's agenda and formulated diversity as a business critical factor to remain competitive when the markets become more complex and global. With clear objectives, he has shown that the diversity of experience and perspective brings a diversity of ideas that can realize the best solutions. It is with great pleasure that we award Martin Lundstedt the 2015 Pontus Schultz award for more humane business.”

C'mon now, that's far from the truth. The other carmakers were using SCR which can meet Tier 2 Bin 5, but VW tried to save money over the 2009-2015 period and use a much cheaper Lean Nox Trap on their smaller models, which is insufficient in ability but much cheaper. They planned to start using SCR on the smaller models from mid 2015, and did so. They gambled, knowing the added cost of SCR on smaller, more price-sensitive car models way back in 2009 would hurt sales.........and it would have. Cars like the Golf would have been too expensive (with the diesel option), prohibiting the volume sales they wanted. I do wonder who let the cat out of the bag, and don't believe the official story line.

PACCAR Expands Presence in China Paccar Press Release / December 21, 2006 PACCAR is expanding its business in Asia by opening an office in Shanghai, China. The office will open in 2007 and will focus on purchasing production parts for worldwide operations.

Australasian Transport News (ATN) / November 4, 2015 The Queensland trucking industry has joined a growing chorus demanding relief from exorbitant heavy vehicle registration and fuel charges. Queensland Trucking Association (QTA) president Ben Almond used his speech at the group’s 2015 annual dinner to criticise governments for sticking to the existing charging formula despite knowing it has led to trucking operators being overcharged. Like the Australian Livestock and Rural Transporters Association (ALRTA), the QTA wants transport ministers to agree to a reduction in charges to make up for the years of overcharging. Transport ministers are due to meet this week to discuss the heavy vehicle charges to apply from July 1, 2016. The National Transport Commission (NTC) in 2014 recommended changes to the charging system to prevent overcharging. "My association has recently provided the Queensland Government with a detailed submission on the subject of heavy vehicle charging," Almond says. "Our message and that of the industry throughout Australia is that it is time to stop the overcharging of truck operators in this state and in this country. Minister’s accepted in 2014 that the overcharging was a reality. "The option of freezing government revenue will simply lead to a continuation of overcharging to the extent of $1.2 billion over the next six years. "We urge the Queensland Government to support the direct implementation of the NTC option which will deliver a reduction in heavy vehicle registration removing the current overcharging." The ALRTA and the South Australian Road Transport Association (SARTA) have publicly voiced their concerns about heavy vehicle charges. ALRTA president Kevin Keenan says the trucking industry is being overcharged about $200 million annually under the existing system. Transport ministers put off implementing the NTC’s recommendations until July 1, 2016, but Keenan claims alternative options are now being considered. "We have already had a two year delay, which is more than enough time for governments to adjust to a fairer charging system," Keenan says. "Further delays would be nothing more than a blatant opportunistic tax grab".

In the days of the former Mack Trucks, warranty repairs represented a very small fraction of a Mack Trucks distributor's overall shop work. However today with the name under Volvo Group, warranty repairs represent the majority of Mack Trucks distributor's overall shop work. Volvo's tedious step-by-step warranty repair process is both frustrating and time consuming. You have to make numerous phone calls to Greensboro, speaking with Volvo engineers who don't know much more than you do.

No "correctly manufactured" replacement parts available for the world's leading brand truck (sarcasm, on my part). You pay a premium for a truck manufactured with cheap parts wearing a high quality paint finish. Where are the replacement parts coming from - Mexico, Brazil, India or China ???

Mack brand third quarter orders plunged 51 percent. (http://www.bigmacktrucks.com/index.php?/topic/42364-mack-third-quarter-deliveries-increase-6-percent/?hl=51) The Morning Call, the long-time Allentown (Lehigh Valley) newspaper, can't come across too harshly, or Volvo will shut them out from future interviews. But with orders off by more than half, the near future is bleak.

The Morning Call (Allentown) / November 3, 2015 Mack Trucks' assembly plant in the Lehigh Valley likely will be hit with layoffs, though the extent of the planned reduction is not yet known. Stephen J. Marzen Sr., chairman of United Auto Workers Local 677's Mack unit, said in a letter dated Monday that a layoff is likely in the coming months due to an "anticipated daily build rate reduction." The reduction, he wrote, would trigger "voluntary layoff" opportunities, and workers should review their union-contract language and prepare proper paperwork to initiate or revoke their decision to be let go. Neither Marzen nor Ed Balukas, Local 677 president, responded Tuesday to interview requests. Mack [Volvo Group] expects the heavy truck market to decline about 10 percent in 2016 and needs to adapt production at its Lehigh Valley operations to meet market demands, Mack spokeswoman Kim Pupillo said in an email. "It's too soon to say how many employees will be affected, but as soon as we do quantify the impact, we'll be communicating it to our employees first," she said. Several industry analysts expect heavy truck production to peak this year. In a recent report, Stifel Financial Corp. estimates North American heavy-duty truck production will decline about 15 percent next year. Fluctuations in Mack's workforce are not uncommon as the company monitors the market and adjusts employment needs accordingly. For example, the company's Lower Macungie Township facility, where all Mack trucks built for the North American market are assembled, employed about 1,950 as recently as late May. Then, in mid-October, Mack officials said the figure was approximately 1,870. Mack is Lower Macungie's largest employer. In a separate example, Mack added 200 people in 2012 due to increased demand for heavy-duty trucks. But the boost was short-lived, as the company started laying off 175 production workers in January 2013 because of an industry-wide slowdown. While the state Department of Labor and Industry has not received a WARN notice tied to the possible layoff this time around, state officials said the regional Rapid Response Coordination Services field representative is aware of the potential for layoffs at Mack. Pupillo said Mack will meet with employees this week at regularly scheduled quarterly meetings to discuss business results of the quarter. Through the first nine months of this year, Mack has delivered 18,749 trucks in North America, a 9 percent increase from the 17,136 delivered during the same period in 2014, according to a report released last month by the Sweden-based Volvo Group, Mack's corporate parent. The company's orders in North America, however, are headed in the opposite direction. Mack orders declined 51 percent in the third quarter, the result of "dealers focusing on reducing their inventories and the comparison with a good quarter last year," Volvo Group said. Similarly, in the second quarter, Mack orders were down 50 percent, mainly "a result of cancellations of some of the large quantities of dealer orders placed in the fourth quarter of 2014 combined with a softening in demand in some of Mack's core market segments," such as energy, the company said. While Volvo said it expects the total North American retail market for heavy-duty trucks to approach 310,000 trucks in 2015, the company is anticipating lower demand, about 280,000 trucks, in 2016. Despite the lower forecast for next year, local officials last month believed Mack had room to grow in the Lehigh Valley. The Lower Macungie plant, they said, is pumping out 116 trucks a day. In mid-October, Lower Macungie's Board of Commissioners unanimously adopted a resolution of support for Mack's local operations. In the resolution, the board agreed to facilitate and execute permits and approvals related to construction and renovations of Mack's local operations in a "prompt and efficient manner." In addition, to further the development and growth of Mack's operations, the board agreed to encourage and advocate, to the fullest extent permitted by law, for economic support from local and state government entities. At that time, Wade Watson, vice president and general manager of the Lower Macungie plant, issued a statement saying the company had no major expansion plans but is looking to make site improvements designed for efficiency. He also said the facility, now in its 40th year, requires some updates, including sufficient employee parking. In addition, Watson said, Mack is looking to develop space to be more efficient in how it handles trucks that are ready for delivery. "These sorts of renovations require the support of local government through the permitting process," Watson said in October. "The resolution passed by the Lower Macungie board is simply a commitment from the board to work closely with us as we look to improve our facilities."

Commercial Carrier Journal / November 3, 2015 Volvo Trucks North America has issued two recalls recently, affecting approximately 8,200 trucks total. One of the recalls affects approximately 8,103 model year 2009-2015 Volvo VN trucks manufactured between April 14, 2008, and Dec. 23, 2014. The affected trucks could experience corrosion of the ball joints due to the seals being compromised, which could result in faster wear and failure of the ball joints. Failure of the ball joint could cause separation of the socket and a complete loss of steering, increasing crash risk. Volvo will notify owners, and dealers will inspect and replace the drag links for free, the recall notice says. Volvo says parts are not currently available, so owners will be sent a second notification when the parts are available. The second recall affects 101 model year 2012-2014 Volvo VNL trucks manufactured between Dec. 1, 2011, and Sept. 1, 2013, equipped with certain Electric Auxiliary Power Units, part number BA600, manufactured by Idle Free Systems (IFS). Volvo says the affected APUs have metal housings with mounting points that could crack and tear, and the mounting bolts of the power units could loosen or fail. If this were to happen, the APU could fall off the truck into the road, creating a road hazard. Volvo will notify owners, and IFS dealers will inspect the APU for damage and fix the problem if necessary.

Transport Topics / November 3, 2015 The House on Nov. 3 rejected an effort by Rep. Reid Ribble (R-Wis.) aimed at allowing states to increase weight limits for trucks. By a vote of 187 to 236, Ribble’s amendment to a multiyear highway bill on the House floor was not adopted. Under Ribble's proposal, states would have been authorized to determine whether to allow weight limits for trucks to increase to 91,000 pounds. The current standard weight limit for interstate highways is 80,000 pounds. Ribble’s amendment was co-sponsored by Reps. Kurt Schrader (D-Ore.), David Rouzer (R-N.C.) and Collin Peterson (D-Minn.). Since pushing his provision in September, Ribble did not garner significant backing from the chamber's Republican leaders. The proposal also had been criticized by key members. During the highway bill’s floor debate on Nov. 3, Rep. Jim McGovern (D-Mass.) said such a provision did not belong in a bill seeking bipartisan support. The House will continue to take up amendments to the highway reauthorizing bill on Nov. 4. Passage is expected by the end of the week, the bill’s floor managers say.

Caught Black-Handed: Why Did Volkswagen Cheat? Car & Driver / December 2015 It’s amusing to watch the mainstream press sink its fangs into an auto scandal. Business-page reporters hurriedly scan the releases and the statements—quickly now, the home page needs updating every 17 seconds—and distill a basic, highly superficial narrative. Press agents for experts in all manner of non-automotive subjects, from business ethics to crisis management to consumer advocacy, flood the email inboxes of the news outlets, their clients desperate for the exposure that comes from getting a rote observation into quotes. The flames of public outrage get fanned for a few days with hyperbolic and often-inaccurate punditry. Granted, Volkswagen’s diesel doomsday is not a simple story, rife as it is with technical inside-baseball. Basically, VW programmed an algorithmic routine into the controllers of its model-year 2009–2015 2.0-liter turbo-diesel engines that recognized the protocols of the EPA’s FTP-75 test, including the US06 and SC03 cycles, and altered the engine calibrations to selectively reduce oxides of nitrogen to make the engine compliant with U.S. EPA Tier 2, Bin 5 limits, all in violation of sections 203(a)(3)(and 203(a)(1) of the Clean Air Act. Got it? Legions of TDI owners who thought they bought a “Clean Diesel” (in spite of the slip-slap sound of the stinky, carbon-rich fuel going into their tanks) howled in indignation. Were they victims of a greedy corporate evil, or of ordinary people in the trenches trying to wriggle out of a difficult spot? Here’s a theory on why a carmaker that seemed to have the world conquered made such a heinously bad, unethical, and trust-eroding decision that equally battered both its reputation and its market value. While other automakers pursued hybrids and electric cars, VW long ago bet its green-tech chips on diesels. The decision was emblematic of VW’s prioritization of Europe, where diesels are popular, over diesel-averse North America, a market the carmaker has traditionally dismissed as secondary. The pressure on VW engineers to deliver a clean diesel, or one delivering both good fuel economy and low emissions, was titanic, but the effort ran headlong into U.S. regulations. The decision to cheat must have happened sometime before 2009, two years after the EPA’s Tier 2 emissions standards were in full effect. Tier 2 sets extremely difficult requirements for ­diesels, cutting allowable oxides of nitrogen by 83 percent over Tier 1 regs, to 0.07 gram per mile (fleet average). NO and NO2 (NOx), the strange chemical compounds formed by the high temperature and pressure of an internal-combustion engine, especially diesels, contribute to ground-level ozone, or smog. Tier 2 established by far the toughest NOx standard in the world. It came at a bad time for VW. The most effective technology to cut NOx is called selective catalytic reduction (SCR), which involves spritzing small amounts of urea and water into the exhaust stream to facilitate the breakdown of NOx into nitrogen and carbon dioxide. The problem is that SCR requires a tank, a pump, and plumbing—not easy things to package on a small vehicle platform such as the PQ35, the aging component set comprising the fifth-generation Golf and Jetta. There’s more to putting a urea tank on a car than just lashing it down with zip ties. The floorpan will likely change, the addition of a secondary filler can mean retooling a quarter-panel, and the reengineered car has to go through full crash certification. Golf V owners liked their multilink rear suspensions, a feature that probably would have to be scrapped in favor of a more compact torsion beam to leave room for the tank. (The larger Passat got a urea system in 2012, but VW programmed it so that, apart from the emissions test, it would be stingier with the urea injections, meaning that the owner wouldn’t be inconvenienced with refilling the tank as often.) With Tier 2 looming, VW faced spending millions on an aging product to make its diesel engines legal in the U.S., one of the smallest diesel-passenger-car markets in the world. In 2007, diesel passenger cars represented only about 0.2 percent of the American market. Factor in the contemporaneous collapse of the world economy and the plunge in U.S. vehicle sales, and VW’s engineers were painted into a corner. But a new, totally compliant Jetta TDI appeared as a 2009 model. Its supposed silver bullet was an underfloor Lean NOx Trap (LNT), in which NOx is captured, then converted to nitrogen and carbon dioxide via occasional spurts of diesel fuel. Maybe it didn’t work quite as well as SCR, but it was a lot easier and cheaper to retrofit. And there didn’t seem to be a fuel-economy penalty. The companion 2010 Golf TDI advertised stellar city and highway figures of 30 and 41–42 mpg (depending on the transmission), and owners in forums claimed even higher mileage. What nobody knew then was that the engine was programmed to squirt less fuel into the exhaust when the car was off the test dyno, allowing more NOx out of the tailpipe and raising mileage. Given the choice of reducing the global problem of CO2 or the local problem of smog, VW’s engineers chose a middle path with a cheat that would give U.S. regulators the low NOx they demanded and TDI buyers the high mileage they wanted. As it happened, the fudge would only be needed for six years, until 2014, when Europe, the market that dominates VW’s decision-making, implemented its own tough NOx standards with the so-called Euro 6 regs. By then, the engineers may have figured, VW could phase in better NOx-eating technology through normal platform updating. Why VW continued to include the software cheat in engines built in 2014 and afterward is anyone’s guess. The perpetrators likely believed they wouldn’t be caught, as self-certification is the norm under the EPA, which is too cash-strapped to test but 15 percent of the powertrains on the market and is perennially threatened with extinction by Congress. (Independent researchers discovered the ploy.) And if they were caught, VW probably figured, the penalty and market fallout would be small. Perhaps it was an easy choice to cheat. The European competitive environment is rife with deception. Just look at FIFA soccer, where officials are under indictment by U.S. prosecutors. Europeans have a win-by-any-means streak that sometimes emerges under intense pressure. There certainly was pressure. Then-CEO Martin Winterkorn, who took over Volkswagen AG in 2007 determined to make VW the world leader in volume and profit, ordered his staff to deliver a clean diesel that could be sold worldwide and could carry VW’s diesel religion to the New World to convert nonbelievers. And they did deliver. Did Winterkorn know the details? Maybe he didn’t want to. He has denied any knowledge of the deceit. From a moral and legal standpoint, the fraud was a colossally bad decision. Whether it was a bad financial decision remains to be seen. A half-million cheater diesels were sold in the U.S., with 11 million sold worldwide. Meanwhile, the costs of the scam will take years to measure. It took four years for the federal government to slap a $1.2 billion penalty on Toyota for hiding evidence in its sudden-acceleration investigation, so it’ll be a while before we know how many pounds of VW’s flesh are in play. It almost certainly will be a fraction of the $18 billion widely speculated upon in the press. The rules allow Uncle Sam a lot of wiggle room. This was an emissions issue, after all, not a safety defect involving crashes and fatalities. If you look at the settlement pattern—$935 million for GM, $1.2 billion for Toyota—the fines tend to be starkly punitive but not crushing. Then again, European regulators will likely demand something and there will be civil suits to settle. Once all the shouting is over, VW’s decision to break the rules may prove hugely damaging, a shattering of its recent momentum that distracts and dispirits the company, opens a crack in its armor for competitors, and scuttles demand for the diesel technology upon which VW has staked so much. Or it might just be a break-even, forcing both VW and government regulators into some uncomfortable but necessary changes while being a financial wash against the sales it generated. Or it may even prove to have saved the company some money over the alternatives available to the engineers at the time. Only VW’s accountants will ever know the whole truth. .

Trailer/Body Builders / November 3, 2015 Peterbilt has announced the availability of the lightweight, fuel-efficient DAF MX-11 engine for its flagship on-highway Model 579 and vocational Model 567. The new 10.8-liter engine – introduced by Paccar to North American markets earlier this month – will be available for order through Peterbilt dealerships beginning on November 13 and production begins in January. “The DAF MX-11 engine is a great addition to Peterbilt’s lineup of technologically advanced solutions focused on delivering the highest levels of quality, durability, performance, reliability, efficiency and overall return,” said Darrin Siver, Peterbilt General Manager and PACCAR Vice President. “The DAF MX-11 engine provides outstanding value in a lightweight and fuel efficient design, and will continue to exceed our high standards and our customers’ expectations.” The DAF MX-11 engine has an output of up to 430 horsepower and 1,550 lb.-ft. of torque. It is ideal for a wide range of applications, including regional haul, tanker, bulk haul, construction and refuse. DAF launched the MX-11 engine in Europe in 2013 and has manufactured and installed over 10,000 of the engines in vehicles built by self-branded DAF truck range. DAF has over 50 years of engine development and manufacturing expertise. The DAF MX-11 engine has six inline cylinders and a double overhead camshaft design. DAF MX engines are the only commercial diesel engines to use Compacted Graphite Iron (CGI) in both the engine block and cylinder head. CGI is approximately 20 percent lighter and 75 percent stronger than traditional gray iron. The DAF MX-11 engine is designed to achieve an industry-leading B10 life of one million miles. It also utilizes a common rail fuel system with injection pressures of 2,500 bar to optimize combustion for low fuel consumption and noise levels. “In addition to the weight and fuel savings, drivers will appreciate the responsiveness, performance and quiet operation of the DAF MX-11 engine running in their Peterbilt truck,” Siver said. All Peterbilt dealer locations will provide full support of the DAF MX-11 engine. The US market DAF MX-11 engine will be produced at the state-of-the-art Paccar engine manufacturing facility in Columbus, Mississippi, where the DAF MX-13 is produced.

A demonstration of the GINAF HD5395TS with the “HydroAxle” steer axle drive system produced by Bosch-Rexroth. Note this GINAF is equipped with the Ford Cargo cab, rather than the DAF-supplied cabs they typically use. The system is similar to the “AddiDrive” hydraulically-actuated steer axle drive system developed by French hydrostatic transmission maker Poclain Hydraulics (http://www.bigmacktrucks.com/index.php?/topic/39998-volvo-unveils-automatic-all-wheel-drive-truck-tech/?hl=ginaf#entry289755). Related reading - http://www.bigmacktrucks.com/index.php?/topic/37598-new-ginaf-has-ford-cab-and-cummins-power/?hl=hd5395ts

Website - http://www.bmc.com.tr/?lang=en Related reading - http://www.bigmacktrucks.com/index.php?/topic/41744-those-turkish-bmcs/?hl=bmc

The Economic Times / November 2, 2015 The Volvo-Eicher joint venture in India, VE Commercial Vehicles (http://www.eicher.in/etb/trucks), saw sales rise 29.2 percent to 3,985 trucks, versus 3,084 units in same month last year. Year to date sales reached 38,790 units, an increase of 12.8 percent over the same period last year. Eicher brand truck and bus sales rose 26.3 percent to 3,854 units, versus 3,052 units in October 2014. Eicher Truck and Bus India domestic sales jumped 39 percent, while exports fell to 388 units from 558 units in October 2014. Volvo brand truck sales leaped 309 percent in October to 131 units, compared with 32 units in October 2014.

Press Release / November 1, 2015-11-03 The UD “Electric Demonstrator” is a pure electric medium truck. Silent and emissions-free, it features a full-sized body that maximizes transport efficiency. The truck’s pure electric drivetrain was developed in-house by UD parent Volvo Group. Emissions-Free Zones where noise and speed are limited are becoming more and more common, as are zero-emissions areas. The UD Electric Demonstrator Truck can cross all zones and go where conventional trucks can’t. Silent Running Because of its pure electric drivetrain, the UD Electric Demonstrator Truck provides a drivers with a significantly quieter and more comfortable experience. Large Cargo Space The UD Electric Demonstrator Truck is a fully functioning medium-sized truck. This allows for greater flexibility, and the ability to carry large payloads. Electrical Flow (http://cdn.udtrucks.com/media.axd/Tms/downloaded/54483-UD-ELECTRIC-DEMONSTRATOR-GRAPHIC-INNER-5996mmx2455mm.pdf?v=BweWw9M5AAA) Driving 1. Both batteries send power to the junction box 2. The junction box combines the power from both batteries and sends it to the electric motor driver 3. The electric motor driver controls the electricity and sends it to the electric motor 4. The electric motor sends the electricity to drive the wheels 5. The electric motor sends the electricity via the unique 2-speed AMT to drive the wheels Braking Regeneration 1. Brakes create a resistance to the electric motor 2. Resistance to electric motor begins to generate electricity 3. Regenerated electricity is distributed back to the two batteries 4. Batteries are charged with regenerated electricity Videos: https://www.youtube.com/watch?v=m9v7Y4mQozg https://www.youtube.com/watch?v=lIDGN_VttIY

Fuso Press Release / November 2, 2015

Goteborgs-Posten / November 2, 2015 The committee chairman of Volvo’s joint-venture in China, Dongfeng Commercial Vehicles (DFCV), in which Volvo's holds a 45 percent stake, has been arrested on corruption charges. "We have taken note of the news in the Chinese media that the president of DFCV is under investigation by authorities. At this time, we don’t know more than what is being presented by the media. It is too early to draw any conclusions regarding the possible impact on our joint venture," says Volvo's press manager Kina Wileke. Dongfeng Group owns a 55 percent stake in the DFCV truckmaking joint-venture, where Swedish truck and bus manufacturer Volvo holds a 45 percent stake. ------------------------------------------------------------ Facts: Volvo completed its purchase of a 45 percent stake in Dongfeng Commercial Vehicles (DFCV) in January 2015, a deal that was announced two years prior. The shares cost 5.5 billion Chinese yuan (about 7 billion Krona). Dongfeng Motor Group holds the remaining 55 percent stake. DFCV has a leading position in the Chinese truck market, which in 2013 amounted to 774,000 heavy trucks. The corruption suspect, Mr. Zhu Fushou, is one of four Chinese members of DFCV's Board of Directors, appointed by the Dongfeng Motor Group. Volvo has three board members. http://www.gp.se/ekonomi/1.2883362-korruptionsutredning-i-volvo-partner