Volvo Cars reports theft of R&D data by hackers

STOCKHOLM — Volvo Cars and trucks reported on Friday it experienced released an investigation into a cyber protection breach and the theft of some exploration and development knowledge that could effect the company’s procedure.

A spokesperson for the organization, vast majority owned by China’s Geely Keeping, explained it had been approached by a third occasion, but declined to give any even more particulars.

“Investigations so much affirm that a limited total of the firm’s R&D house has been stolen during the intrusion,” the Swedish carmaker said in a statement.

It extra that “there may be an impact on the company’s operation,” devoid of specifying what that might be. It stated it did not see an impression on the security of its customers’ autos or their particular knowledge.

The Gothenburg-centered company stated it experienced executed safety countermeasures to avert additional obtain to its home, though notifying pertinent authorities.

“Volvo Automobiles is conducting its very own investigation and working with a third-get together specialist to examine the house theft,” it mentioned.

Shares in Volvo Cars and trucks, whose IPO on Oct. 29 was the largest in Europe this year, have been down 3.2% at 1555 GMT.