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The spokesman said Volvo would carry out an “end-to-end evaluation and adjustment of its processes, systems and flows” as Brexit could hit the lead time and cost of goods transfers in both directions, as well as data transfers and processing activities. But the greatest potential risk, he said, was that deliveries of complete products would face transportation delays due to new customs clearance regimes. The company had begun preparing for this situation. Within the EU, trucks drive smoothly through border checks. But in a no-deal Brexit, even a few minutes’ delay at customs for each truck would likely see vehicles backed up at ports and queued up on feeder roads both sides of the Channel cheap cufflinks target uk online.
“In some areas we have developed safety stock at the dealers in the UK, and for others we have worked to ensure that orders due prior to March 29, 2019, are filled as early as possible,” he said cheap cufflinks target uk online. He declined to say how many weeks of stock it was storing. Volvo was also developing plans to ensure customer support would be available regardless of the Brexit outcome. Firms in many sectors have been buying warehousing space and stockpiling to ensure they can meet demand and keep manufacturing going if the frictionless movement of goods to and from the continent is lost..
Automotive companies including Ford (F.N), McLaren Automotive, Bentley, Aston Martin (AML.L) and Volvo rival Scania (VOWG_p.DE) have laid out Brexit contingency plans cheap cufflinks target uk online. Volvo has a British construction equipment factory in Motherwell, and some suppliers for its trucks business are also located there. It does not break out its earnings in the UK. The spokesman said Volvo was considering “all possible alternatives” to secure minimal disruption, including new shipping routes to avoid congested ports..
BRUSSELS (Reuters) – Belgian prosecutors have dropped their case against former directors of Fortis, 10 years after the Belgian-Dutch bank’s collapse during the global financial crisis. Brussels prosecutors said that they had decided not to pursue charges against seven ex-directors because it had not found sufficient proof that they had wilfully given over-optimistic information to shareholders cheap cufflinks target uk online. “If we want to prove fraud then we need to show they knowingly attached too low a risk to the sub-primes, in other words were too positive.. It is difficult to say that they should have known better,” said prosecutor Ine Van Wymersch..
She noted that Belgian insurer Ageas (AGES.BR), the legal successor to Fortis, was set to pay shareholders 1.3 billion euros by way of compensation. Part of the reason for the pursuit of the ex-directors was to secure damages for Fortis shareholders who had lost their money cheap cufflinks target uk online. Seven ex-directors, including former chairman Maurice Lippens and former CEO Jean-Paul Votron, were accused in 2013 of misleading investors during Fortis’s purchase of part of Dutch lender ABN AMRO and before its 2008 collapse..