Cars
Not all car manufacturers are suffering from the economic crisis that is currently raging in Europe. Volvo, for one, is expecting to sell between 430,000-440,000 units this year, compared to 374,000 cars last year.
- Stefan Jacoby Steps Down As Volvo's Ceo, Is Replaced By Hakan Samuelsson
Stefan Jacoby's tenure as CEO of the Volvo Car Group has ended after only a little over two years with the Swedish carmaker announcing that he is being replaced by HÃ¥kan Samuelsson, currently Board member and former chief of MAN trucking, effective...
- Spain Increases Sales Tax To 21 Percent In Order To Reduce Deficit, Car Sales Plummet By 28 Percent
Europe's southern countries, i.e. Spain, Portugal, Italy and Greece, have been hurt the most by the economic crisis that has hit the Old Continent. In an effort to reduce the public deficit by €65 billion (US$82 billion) by the end of 2014,...
- Porsche Sets New Delivery And Order Records Worldwide, China Sales Up By 70%
Demand for its models may have dropped significantly in Northern European countries such as Spain and Greece due to the financial crisis, yet Porsche is still set to achieve its best-ever year in terms of sales. From January until November, the Stuttgart-based...
- Ford To Temporarily Lay Off 4,000 Workers In Valencia Plant Due To Reduced Demand
The economic crisis that is currently raging in Europe is not likely to subside any time soon. As a result, automakers have started taking measures in order to account for reduced demand of their products. Ford, for one, will temporarily lay off 4,000...
- Italian Ministry Orders 19 Maserati Quattroporte Limos Amidst Severe Eu Economic Crisis
Unless you’ve been living in a cave these past few months and were completely cut-off from the outside world, you’ll surely have heard of the European economic crisis that started with the Greek debt and is now threatening to engulf many...
Cars
Volvo not Affected by Crisis, Will Add More than 10,000 Workers by 2020 but Most will be in China…
Not all car manufacturers are suffering from the economic crisis that is currently raging in Europe. Volvo, for one, is expecting to sell between 430,000-440,000 units this year, compared to 374,000 cars last year.
According to the Swedish carmaker’s CEO, Stefan Jacoby, the reason for this is that Volvo’s biggest European markets are in Scandinavia and Germany, which don’t face the financial crisis that storms the southern regions like Italy, Spain and Greece.
Read more »- Stefan Jacoby Steps Down As Volvo's Ceo, Is Replaced By Hakan Samuelsson
Stefan Jacoby's tenure as CEO of the Volvo Car Group has ended after only a little over two years with the Swedish carmaker announcing that he is being replaced by HÃ¥kan Samuelsson, currently Board member and former chief of MAN trucking, effective...
- Spain Increases Sales Tax To 21 Percent In Order To Reduce Deficit, Car Sales Plummet By 28 Percent
Europe's southern countries, i.e. Spain, Portugal, Italy and Greece, have been hurt the most by the economic crisis that has hit the Old Continent. In an effort to reduce the public deficit by €65 billion (US$82 billion) by the end of 2014,...
- Porsche Sets New Delivery And Order Records Worldwide, China Sales Up By 70%
Demand for its models may have dropped significantly in Northern European countries such as Spain and Greece due to the financial crisis, yet Porsche is still set to achieve its best-ever year in terms of sales. From January until November, the Stuttgart-based...
- Ford To Temporarily Lay Off 4,000 Workers In Valencia Plant Due To Reduced Demand
The economic crisis that is currently raging in Europe is not likely to subside any time soon. As a result, automakers have started taking measures in order to account for reduced demand of their products. Ford, for one, will temporarily lay off 4,000...
- Italian Ministry Orders 19 Maserati Quattroporte Limos Amidst Severe Eu Economic Crisis
Unless you’ve been living in a cave these past few months and were completely cut-off from the outside world, you’ll surely have heard of the European economic crisis that started with the Greek debt and is now threatening to engulf many...