Read the text and determine if the sentence is true:

FRANKFURT (Reuters) - Swedish carmaker Volvo is preparing a hardware retrofit for some of its older diesel cars in Germany, according to a report by Der Spiegel magazine published on Monday. Volvo is working on the retrofit with catalyst producer Dr. Pley, which is based in Bamberg, Germany, it added.

Sentence: Dr. Pley designed many of Volvo's older diesel cars. 