The United States fined AB Volvo $130 million for late recalls
AB Volvo will pay $65 million within 60 days and another $45 million if the settlement is not followed. In addition, the company is investing $20 million in the development of a safety data analytics infrastructure to improve its ability to detect and investigate potential safety flaws. The third-party auditor will review all recalls since July 2013 and recommend any changes that are necessary. If necessary, the NHTSA has the authority to extend the settlement for up to two years.