Swedish premium carmaker Volvo has agreed to pay a US$1.5 million (€1.2 million) fine to settle U.S. government allegations that the company's North American division failed to report safety defects and noncompliances to federal regulators in a timely fashion.
The fines received from Volvo, a company that prides itself on its reputation for safety, will be paid into the General Fund of the U.S. Treasury.
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