Volvo Appoints Carl-Peter Forster as Member of the Board of Directors image

Today, February 5th, Volvo appointed Carl-Peter Forster member of its Board of Directors.

From 2004 until 2010, Carl-Peter Forster served as President of GM of Europe and in 2010 he was named Group CEO of Tata Motors globally. On September 1st, 2012, Mr. Forster was appointed chief advisor to Zhejiang Geely Holding Group and l and in January this year he became a non-executive member of the board of Geely Automobile Holdings. Mr. Forster also spent 13 years at BMW as mainly in Engineering as a Project Manager.

“Mr Forster brings great experience and knowledge of the car industry to the Board of Directors of Volvo Cars”, says Li Shufu, Chairman of Volvo Car Group. “His deep understanding of the business and product development will be an important asset for Volvo Cars in the company’s ongoing transformation.”

On another matter, Volvo recently announced that it expects flat sales in 2013, between 400,000 and 410,000 units, at the 2012 level or slightly below. The company sold 450,000 vehicles in 2011, and although it expects flat sales this year it doesn’t give up its plan to reach 800,000 vehicles by 2020.

“Yes, we are expecting something in that order of magnitude. That is the level where we see the market bottoming out,” said the company’s spokesman.

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Today, February 5th, Volvo appointed Carl-Peter Forster member of its Board of Directors.

From 2004 until 2010, Carl-Peter Forster served as President of GM of Europe and in 2010 he was named Group CEO of Tata Motors globally. On September 1st,  2012, Mr. Forster was appointed chief advisor to Zhejiang Geely Holding Group and l and in January this year he became a non-executive member of the board of Geely Automobile Holdings. Mr. Forster also spent 13 years at BMW as mainly in Engineering as a Project Manager.

“Mr Forster brings great experience and knowledge of the car industry to the Board of Directors of Volvo Cars”, says Li Shufu, Chairman of Volvo Car Group. “His deep understanding of the business and product development will be an important asset for Volvo Cars in the company’s ongoing transformation.”

On another matter, Volvo recently announced that it expects flat sales in 2013, between 400,000 and 410,000 units, at the 2012 level or slightly below. The company sold 450,000 vehicles in 2011, and although it expects flat sales this year it doesn’t give up its plan to reach 800,000 vehicles by 2020.

“Yes, we are expecting something in that order of magnitude. That is the level where we see the market bottoming out,” said the company’s spokesman.

 

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