Statement by the Board of Directors of Scania
SÖDERTÄLJE, Sweden -- August 28, 2013
The Board of Directors of Scania (STO:SCVA)(STO:SCVB) adopted on 25 July 2008
a policy pertaining to the cooperation within the Volkswagen Group to ensure
that all corporate benefit issues with related parties are handled in
accordance with the arms-length principle. The Board of Directors is
continuously reviewing this policy.
The Board of Directors has taken note of the Management Information letter on
26 August 2013 where the President and CEO of Scania reminded the Scania
organisation of this policy. The Board of Directors expresses its support of
the content of the letter.
As stated at Scania’s 2013 Annual General Meeting (AGM), the handling of any
conflict of interest, related to decisions by the Board of Directors of Scania
concerning the cooperation within the VW Group during the 2013 financial year,
will be commented at the AGM 2014.
Scania is one of the world’s leading manufacturers of trucks and buses for
heavy transport applications, and of industrial and marine engines.
Service-related products account for a growing proportion of the company’s
operations, assuring Scania customers of cost-effective transport solutions
and maximum uptime Scania also offers financial services. Employing some
38,600 people, the company operates in about 100 countries. Research and
development activities are concentrated in Sweden, while production takes
place in Europe and South America, with facilities for global interchange of
both components and complete vehicles. In 2012, net sales totalled SEK 79.6
billion and net income amounted to SEK 6.6 billion. Scania press releases are
available on www.scania.com(http://www.scania.com/se)
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