By on February 2, 2008

volvo_850_combi_1995_02_m.jpgReuters reports that a former Daimler finance manager was sentenced to serve five and a half years in jail for embezzling more than 22 million euros ($32.5m) from the German automaker over a five-year period. A Stuttgart court ruled the 42-year-old man had submitted fake invoices for computer services and forged supervisors' signatures to obtain up to 2 million euros ($2.95m) at a time. Across the border in France, a court has fined Volvo 200k euros (nearly $300k) after the driver of a Volvo 850 TDI lost control of her car, killing two children and injuring another. The driver claims the brake became very rigid and she could not stop in time. Volvo is expected to appeal the decision. Meanwhile in Israel, a venture group known as C.En, says it’s developed a safe, lightweight hydrogen tank for automobiles. "The tanks will be like a battery that can be replaced and you can carry a reserve in the car," says Moshe Stern, who leads the project’s investor group. Unlike other systems, this one uses hydrogen gas rather than liquid. “We are looking now for one of the giants to adopt our technology and support it," Stern says. Uh sorry, the Giants have more pressing plans at the moment.

Get the latest TTAC e-Newsletter!


4 Comments on “European Crime and Punishment, Middle Eastern Gas...”

  • avatar

    22 million euros seem like a pittance compared to the billions Daimler extracted out of Chrysler.

  • avatar

    I’m sorry, maybe I’m too tired to be reading analytically.

    But if you could spoon-feed me for a moment…what was the gist of the article?

  • avatar

    ZoomZoom: …spoon-feed me for a moment…what was the gist of the article?

    It’s like a “buy one, get two free” sale. ;-)

    In Germany: A (former) Daimler finance manager was sentenced to jail for embezzling;

    In France, a court fined Volvo over brakes deemed “too rigid” prior to an accident;

    In Israel, a group has developed a new type of hydrogen-gas tank for autos.

    That’s the gist of it.

  • avatar

    The Volvo situation reminds me of the Audi 5000. Maybe people should just learn to drive properly.

Back to TopLeave a Reply

You must be logged in to post a comment.

Recent Comments

  • stevelovescars: I’m a 5’6″ man and the seats were woefully unsupportive for me. In comparison, the...
  • APaGttH: We had a 2017 LaCrosse as a rental. I was so impressed with the stop/start system. Even better than the 2015...
  • APaGttH: I have to question the veracity of this. There are many places in the country you can’t buy 93 Octane...
  • SilverCoupe: Is this a trick question? I have never bought anything but a coupe since I started driving in ’73....
  • WalterRohrl: “On Wednesday, the union reached out to GM in the hopes of re-starting negotiations. So far,...

New Car Research

Get a Free Dealer Quote


  • Contributors

  • Matthew Guy, Canada
  • Ronnie Schreiber, United States
  • Bozi Tatarevic, United States
  • Chris Tonn, United States
  • Corey Lewis, United States
  • Mark Baruth, United States
  • Moderators

  • Adam Tonge, United States
  • Corey Lewis, United States