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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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Garmin forecasts sales of its navigation devices will fall by 20 percent in 2013
Garmin said it expects to sell fewer GPS navigation devices in 2013, with the company also forecasting full-year results below analysts' estimates. The announcement sent its shares down 12 percent to ...
EU car registrations reach record low
New car registrations in the European Union fell to a record low, because of weak demand in several key markets, including Germany. "New registrations amounted to 885,159 units, reaching a historic ...
Report: India’s new car market expected to shrink for the first time since 2003
New car sales in India are expected to fall for the first time in a decade due to a sharp economic slowdown, high loan rates and rising fuel prices, according ...
Skoda January deliveries down 7.8 percent to 69,500 vehicles
Skoda delivered over 69,500 vehicles to customers in January 2013, down 7.8 percent compared to the same month last year. Deliveries of Skoda's best-selling model, the Octavia, were down 14.9 per ...
Volvo Trucks’ global deliveries down 17 percent in November 2012
Volvo Trucks announced its deliveries fell by 17 percent in November to 9,446 vehicles compared with the same month in 2011. In Europe, deliveries decreased by 13 percent to 3,835 trucks ...
Germany’s passenger car market shrinks, orders from abroad rise
192,100 passenger cars were newly registered in Germany last month, nearly 9 percent less than in January 2012. While new registrations of imported cars fell almost 16 percent, domestic sales of ...
Lamborghini Expects Flat Sales in 2013
Lamborghini predicts flat auto sales in 2013 as the economic crisis has already began to affect the luxury purchases as well. Lamborghini, which is owned by Volkswagen, predicts that by the ...

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