Swedish auto maker Volvo has uncovered widespread cheating by its car dealers in China, where retailers inflated sales to win cash rebates from the company.
Olof Persson, CEO of the Volvo Group, tells CNBC that the third quarter has been characterized by two different things: lower demand that started in September and one off cost items in the result this year.
Par Ostberg, Senior Vice President of Volvo Group says the Thai floods have had no impact on Volvo's operations in the country so far.
A look at how unrest in the Middle East and the disaster in Japan have hurt the global economic recovery. Olof Persson, Volvo Construction Equipment CEO, talks about the recovery.