Post Tagged with: "volvo car"

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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 Adds Three New Safety Systems

Volvo Adds Three New Safety Systems

Volvo, which has a long reputation for the safety of its cars, adds three more new developments. The three safety projects are: autonomous driving support, intersection support and animal detection and are part of the company’s goal that nobody will be killed or seriously injured in a Volvo car by […]

Volvo Seeks Partner to Build Cars in the US

Volvo Seeks Partner to Build Cars in the US

Volvo Car, owned by Zhejiang Geely Holding Group, looks for a partner to build vehicles in North America. “In the medium term, five to six years, we need to find a proper solution in North America,” Volvo Chief Executive Officer Stefan Jacoby said. “Building a plant ourselves is maybe more […]

Volvo S60 T4 and T5 made in Malaysia

Volvo S60 T4 and T5 made in Malaysia

Volvo will be manufacturing its T4 and T5 S60 models in Malaysia so for those of you who have been dreaming of the car but prices seemed just a little too much we have some good news, the car made locally will be cheaper. The Malaysian Volvo S60 T4 will […]