Volvo Ab (VLVLY): Can't wait to short this tomorrow on the...

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EmptyBones

Re: Penny Roger$ post# 32

Sunday, 07/20/2014 11:55:28 PM

Sunday, July 20, 2014 11:55:28 PM

Can't wait to short this tomorrow on the news.
GOTEBORG, Sweden, Jul 19, 2014 (BUSINESS WIRE) -- Regulatory News:
The U.S. Court of Appeals for the District of Columbia Circuit has ruled that the Volvo Group (STO:VOLVA) (STO:VOLVB) should pay penalties and interest of approximately SEK 508 million following a dispute between the Volvo Group and the U.S. Environmental Protection Agency (EPA) regarding emission compliance of diesel engines. The Court of Appeals affirmed a District Court's ruling that model year 2005 Volvo Penta engines violated the provisions of a Consent Decree. This is expected to have a negative impact on the Group's operating income of approximately SEK 440 million in the third quarter of 2014 in the segment Group functions and other.

Do your own DD. Anything I post is for entertainment purpose only and should not assist you in any trading decision based on antything i post.
Further more I DON'T receive any comp of any kind from any company or 3rd party mentioned in my post(s). S