Volvo says Chinese dealers falsified sales numbers

Swedish car manufacturer Volvo said some of its dealers in China inflated sales numbers in 2011 to win cash prizes from the company for exceeding volume targets, The Wall Street Journal reported. An investigation by the car maker, purchased by China’s Zhejiang Geely Holding Group in 2010, found that Chinese dealers were booking fake sales in 2011 that later resulted in reporting discrepancies between 2012 and 2011. Initially Volvo reported sales in China had decreased 11% in 2012, although these numbers have been revised to show the company had a 15% increase in sales after the books were audited.