Volvo Cars says investigating theft of R&D data


FILE PHOTO: An employee at a Volvo car dealer, wearing a protective mask is seen in a showroom, in Brussels, Belgium, May 28, 2020. REUTERS/Yves Herman/File Photo

December 10, 2021

STOCKHOLM (Reuters) – Volvo Cars said on Friday it had launched an investigation into the theft of some research and development data which could impact the company’s operation.

“Investigations so far confirm that a limited amount of the company’s R&D property has been stolen during the intrusion,” the Swedish carmaker said in a statement.

It added that “there may be an impact on the company’s operation”, but did not specify what that might be.

Volvo said it did not see an impact on thesecurity of its customers’ cars or their personal data.

(Reporting by Helena Soderpalm; Editing by Simon Johnson)





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