Brief: Bilia Says Received Notice Of Termination Of Dealer Agreements From Volvo Cars

Bilia AB

23/11/2020 18:55

Nov 23 (Reuters) - Bilia AB  BILIa.ST :
    * REG-BILIA HAS RECEIVED NOTICE OF TERMINATION OF DEALER
AGREEMENTS FROM VOLVO CARS
    * HAS INITIATED DISCUSSIONS ABOUT FUTURE COOPERATION WITH
VOLVO
AFTER NOTICE PERIOD
    * AS AT NOV. 19, RECEIVED NOTICE OF TERMINATION OF DEALER
AGREEMENTS, IN CURRENT FORM, FOR VOLVO IN SWEDEN & NORWAY,WITH
NOTICE PERIOD OF 2 YEARS
    * TERMINATION REFERS TO BOTH CAR BUSINESS AND SERVICE
BUSINESS FOR
VOLVO CARS
    * DURING NOTICE PERIOD, BUSINESS IS CONDUCTED AS BEFORE
    * SALES OF USED CARS ARE NOT COVERED BY DEALER AGREEMENTS
AND ARE
THUS NOT AFFECTED BY TERMINATION
    * INTENDS TO CONTINUE WITH SERVICE AND DAMAGE OPERATIONS AND
SALES
OF USED VOLVO CARS ALSO AFTER TWO-YEAR NOTICE PERIOD

Source text for Eikon:  ID:nGNEnDC2 
Further company coverage:  BILIa.ST 

 ((Reuters.Briefs@thomsonreuters.com;))