Logo 468

Job section - 468

Volvo’s new partner blacklisted

Ben Kendall 2013-01-29

Volvo’s new Chinese partner Dongfeng has been blacklisted by a Swedish state pension fund as it has illegally sold military equipment to embargoed nations, reports the Swedish news programme TV 4 Ekonominyheterna.

“They are really the wrong partner for Volvo,” said Anna Ek, head of the Swedish Peace and Arbitration Society, to TV 4.

At the weekend, Volvo announced that it had purchased a 45 per cent share in Dongfeng Commercial Vehicles, a new subsidiary of the Dongfeng Motor Corporation. The deal, which was worth nearly 6 billion kronor, sees Volvo become the world’s largest maker of heavy-duty trucks.

It was Sweden’s Seventh AP fund that blacklisted Dongfeng after it illegally sold military equipment in 2007 and 2008. The blacklisting means the fund will not purchase any shares in the Chinese company.

Volvo says that it has addressed the issue with its new partner.

“We have told them what we think and they told us that they do not work in this way anymore,” said Kina Wileke, head of media relations at Volvo, to TV 4.

Related article 

2013-01-28 10:46 
Volvo becomes world's largest truck manufacturer

Post comment     Tip a friend     Print

News 620w

Government’s changing policy on refugees

Speaking at a press conference Tuesday afternoon, Prime Minister Stefan Löfven announced the...


Record year for Volvo Cars

Volvo Cars expects to reach an all-time-high sales record at the end of the year, reports local newspaper...


Gothenburgers charged with terror crimes

On Monday, November 23, two men in their early 30s were charged at the Gothenburg District Court suspected of...


The King visited Chalmers

Swedish King Carl Gustav XVI visited Chalmers University of Technology on November 23 to learn more...


Terror suspect no longer under suspicion

The 22-year-old man who was arrested last week, suspected of preparing to commit terrorism acts in Sweden,...


Terror suspect arrested

Swedish Police and the Swedish Security Service have arrested a man who they suspect was preparing to commit...


Increased police presence to remain

A suspected terrorist was arrested at an accommodation for asylum seekers in Boliden, northern Sweden, on...


Police increase presence after terrorist threat level raised

The Swedish Security Service has raised the terrorist threat level in Sweden from 3 to 4, on a 5-level scale....


Life sentence for Lisa Holm murder

Nerijus Bilevicius was given a life sentence on Tuesday, November 17, for the murder of 17-year-old Lisa Holm...


Minute of silence for Paris victims

At 12 pm on Monday, Gothenburg together with many other European cities will hold a minute of silence for the...


Gothenburg has most IS fighters in Europe

Gothenburg has the highest number of IS fighters in the West in relation to population.

“Based on per...


Gothenburg Muslims feel unsafe after Paris attacks

Muslims in Gothenburg are worried they will be associated with IS following the terror attacks in Paris on...


Sweden to introduce border controls

Sweden will introduce temporary border controls from midday Thursday, November 12, announced the government...


Herbs believed to be behind shigella outbreak

Fresh herbs are the likely cause behind the recent shigella outbreak at restaurants in Gothenburg, reports...

More articles 620w

Large turn up for Night of Broken Glass manifestation

Swedish-American trade in focus

Housing for refugees set on fire

Expert advocates tougher laws for gun crimes

Shigella bacteria at Gothenburg restaurants 

Swedes best at English

Apartment modules to help housing shortage

Lisa Holm trial closes – suspect remains on remand

Gothenburg cancels contract with tram supplier

Young man shot dead

BRG 300

Most read

Search Search help

BRG Expat Guide