Post Tagged with: "Hakan Samuelsson"

Read By

Volvo Expects More Tough Time in the European Market

Volvo Expects More Tough Time in the European Market

After Volvo sales dropped 15% in Europe in the first quarter, CEO Hakan Samuelsson said he expects more tough time in the region. Volvo CEO Hakan Samuelsson said during an interview with Automotive News Europe that the company sees low volume in Europe for 2013 and no signs of improvement. […]

Volvo announces 1,000 new layoffs for 2013

Volvo announces 1,000 new layoffs for 2013

Volvo Car Corporation announced on Wednesday it would cut about 1,000 jobs and slash $237 million in costs by the end of this year. The Swedish automaker wants to reverse recent losses caused by weak sales in Europe. Volvo CEO Hakan Samuelsson told Swedish public television SVT that 1,000 consultants […]

Volvo gets $1.2 billion loan from China Development Bank

Volvo gets $1.2 billion loan from China Development Bank

Volvo Car Corporation will receive a €922 million ($1.2 billion) loan from China Development Bank to repay its debt, the Swedish carmaker announced on Thursday. The Chinese-owned carmaker hopes for more loans to help finance the investment needed to double its sales. As a second step under the loan agreement, […]

Volvo Names Hakan Samuelsson New CEO

Volvo Names Hakan Samuelsson New CEO

Volvo has chosen former MAN SE head Hakan Samuelsson to replace Stefan Jacoby as the company’s CEO. “My time on the Board has provided me with insight in the Volvo brand and the company. My focus will be on execution and performance, to secure profitability and meet our sales objectives. […]