Quotation: Autohaus Schmalz announces insolvency The scrapping premium apparently demands a first economic victim in the Hochstift: Schmalz AG in Paderborn has filed for insolvency. After 19 years, the Volvo and Kia dealer had to take the bitter course to the district court. As a reason, the only Volvo dealer in our two circles indicates the extreme price drop in high-quality used cars. Schmalz AG thus suffered significant value losses in the last 5 months. D It is precisely the period since the scrapping premium was applied. And as we know, it was more likely to have used small car dealers. Quotation: Volvo Environmental Offensive with New DRIVe Models Seven diesel models with DRIVe technology achieve class-best CO2 emissions – Compact and mid-range models with start/stop system and brake energy recovery – New diesel engine for Volvo XC60 and Volvo XC70 For more information on this topic, please visit the Volvo media site:https://ww w.media.volvocars.com/go/…2748-488d-b610-7ec06a062b3.aspx