October 16, 2018—The Volvo Group has detected an emissions control component that is degrading more quickly than expected.
All products equipped with the component meet emissions limits at delivery; the degradation is due to a materials issue that occurs over time. A full analysis of the issue is not completed and it is not possible to assess the financial impact at this stage; however, the cost could be material.
The company is now in the process of informing the appropriate authorities in various markets, and beginning discussions regarding remediation plans.
The degradation of the component does not pose a product safety issue, nor does it negatively affect vehicle or engine performance in areas other than emissions control. The largest volume of potentially affected engines has been sold in North America and Europe.
