Volvo in arms deal

The Volvo group has received an order to supply combat vehicles to Syria’s neighbour Lebanon, reports DI. The funds for the order come from Saudi Arabia and the vehicles will be produced in Renault Trucks’ plants.

The deal would have been impossible in Sweden, but in France Volvo has received help of the government. The order is signed by Volvo/Renault Trucks and Odas, a marketing company set up by the French government and arms exporters in 2008 (ed.).

According to DI, Saudi Arabia has informed Odas and Volvo that the deliveries are to be stopped since Hezbollah has gained too much influence over the Lebanese government. The paper suggests that the vehicles could end up in Saudi Arabia.