Ford and a shipping agency are under investigation over alleged bribes paid to speed up clearance of parts containers through the Russian port of St Petersburg.
It’s Russia’s European gateway and notoriously slow in processing shipments and now a German newspaper reports two Ford employees, eight people employed by freight agency Schenker and a Russian contractor have been questioned and the probe has brought in the United States Securities and Exchange Commission alongside German investigators.
Strong European demand has offset slower sales in China and lifted Volvo profits over 70% in six months.
A new model programme and new business plan is helping boost business for the Swedish based car maker and help it achieve 500,000 sales this year.
Admiral has announced pre-tax profits of £186.1m for the six months to June.
It is a 1% rise for the group, which has offices in Cardiff, Swansea and Newport and has over four million policy holders.
