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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 and white-collar workers would need to leave by the end of ...
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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 ...
Volvo Begins Production of the V60,the World’s First Diesel Plug-In Hybrid
Volvo has begun production of the first diesel plug-in hybrid in the world, the V60. The V60 diesel plug-in hybrid features a five-cylinder 2.4-liter turbo diesel engine, which offers 215 horsepower ...
Volvo to cut production at its Ghent plant in Belgium from 2013
Volvo Car Corporation will cut production at its plant in Ghent, Belgium, and will not renew contracts for 300 staff from employment agencies as of 2013. Volvo, which was bought by ...
Volvo to Lay Off 400 Temporary Consultants
Volvo announced it will lay off 400 temporary consultants and that it has offered an ultimatum to its Swedish suppliers to cut prices by a fifth by 2015. Volvo, which was ...
Volvo Names Former Opel Top Executive as Its Vice President Sales Operations
Volvo recently named Alain Visser as its new Vice President Sales Operations within Marketing, Sales and Customer Service. Alain Visser, 49, was previously Vice President Sales, Marketing and After sales for ...
Volvo celebrates 85 years since first car was made
The Swedish based automaker is celebrating 85 years of existence since the first car rolled off the assembly line. The first ever Volvo model was made on the 14th of April, ...
Volvo interested to buy Saab’s test equipment
Volvo Car Corporation, the Swedish automobile manufacturer owned by Zhejiang Geely Holding Group is interested in buying some of Saab Automobile's machinery and test equipment, but it hasn't yet placed ...
L.A. Auto Show: Volvo Concept You revealed
Volvo’s idea of a full-size luxury vehicle has just been revealed at the 2011 edition of the Los Angeles Auto Show in the form of the Concept You, which is ...
Volvo C70 Inscription going to L.A. Auto Show
The Swedish based automaker Volvo doesn’t really have something new to present at the upcoming Los Angeles Auto Show but the company has announced something called the C70 Inscription which ...

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