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Aug 24, 2013

* Germany - TRUCKMAKERS' Corruption

* Germany - Volvo Cars Chief to pay $668,000 to settle MAN SE probe

(Photo by Dado Galdieri/Bloomberg - MAN SE agreed to pay 150 million euros in 2009 to resolve an inquiry into possible bribes paid by its truck and turbo units) 
Munich,Germany -Bloomberg, by Angela Maier -Aug 22, 2013: -- Volvo Cars Chief Executive Officer, Hakan Samuelssonwill settle a German investigation into corruption allegations linked to his tenure as MAN SE’s CEO by paying 500,000 euros ($668,000) to charity... The probe was opened last September in Munich after the former head of MAN’s audit department testified in a related trial that he had informed Samuelsson in a 2006 meeting about “possible corrupt practices” regarding business in Slovenia... MAN, Europe’s third-largest truckmaker, agreed to pay 150 million euros in 2009 to resolve an inquiry into possible bribes paid by its truck and turbo units. Investigators raided 59 company sites and seven private homes looking into allegations of illegal conduct from 2002 to 2009. The probe yielded several indictments against employees and managers...


* Japan - New short-narrow-body FUSO Canter Eco Hybrid brings optimized solution for customers

Kawasaki,Japan -Automotive World (UK) -23 Aug 2013: -- Mitsubishi Fuso Truck and Bus Corporation, one of Asia’s leading commercial vehicle manufacturers, today announced it has launched a new body variant for its world’s most fuel efficient...  The hybrid truck now with a shorter and narrower body variant brings optimized solution for customers in Japan by reduced annual vehicle inspection and vehicle insurance fees, further supporting customers and their businesses in terms of overall Total Cost of Ownership... 

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