Cars
Ford-owned Volvo Cars said on Wednesday that due to the rapidly deteriorating market situation in the global car industry, it will have to cut around 2,000 blue collar and 700 white collar jobs in Sweden Sweden
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At a press conference held earlier today in Beijing, Chinese-owned Volvo Cars announced plans to build a new plant in the city of Chengdu and continuing investigations for a second factory in Daqing, in north-eastern China. Volvo said that the deal is...
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- Volvo To Lay Off 2,000 Employees
Ford Motor Company’s Volvo Cars unit is planning to cut 2,000 jobs as part of a cost reduction programme which is estimated to reduce the total cost level by 4 billion SEK (approx. $700 million USD). The Swedish company said that it will lay off...
- Volvo Switches Its Ceo, Ford Motor Announces
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Cars
Volvo Cars to Slash 3,300 Jobs Over Weak Market
Ford-owned Volvo Cars said on Wednesday that due to the rapidly deteriorating market situation in the global car industry, it will have to cut around 2,000 blue collar and 700 white collar jobs in "These are difficult times for the car industry in general, including Volvo. These actions are necessary to create a new and sustainable Volvo Car Corporation - a company with more focused operations and structure," says President and CEO of Volvo Car Corporation, Stephen Odell.
"The unstable economic environment has resulted in a very unpredictable situation, and the downturn in the global car industry is more drastic than expected," added Odell.
- Volvo To Build New Car Plant In China, Aims To Sell 200,000 Vehicles In The Chinese Market By 2015
At a press conference held earlier today in Beijing, Chinese-owned Volvo Cars announced plans to build a new plant in the city of Chengdu and continuing investigations for a second factory in Daqing, in north-eastern China. Volvo said that the deal is...
- Ford Re-considers Volvo Sale
As global auto sales continues to plunge, Ford Motor Company is constantly shedding its assets in a desperate attempt to raise cash. The latest development concerns the possible sale of Volvo as FoMoCo announced today that it is "reevaluating strategic...
- Breaking News: Chrysler To Lay Off 25% Of Its Salaried Workforce Or 4,300 Jobs
The Doomsday clock seems to be getting closer and closer to midnight for Chrysler LLC. In a letter sent to employees today, Chrysler LLC Chairman and CEO Bob Nardelli announced that the firm would take additional salaried and supplemental workforce reductions...
- Volvo To Lay Off 2,000 Employees
Ford Motor Company’s Volvo Cars unit is planning to cut 2,000 jobs as part of a cost reduction programme which is estimated to reduce the total cost level by 4 billion SEK (approx. $700 million USD). The Swedish company said that it will lay off...
- Volvo Switches Its Ceo, Ford Motor Announces
Fredrik Arp may not have had the name recognition held by Bob Lutz or Gianni Agnelli, but holding the position of chief executive officer at Volvo Cars, a Swedish subsidiary of Ford Motor Company, had to be a blast. His Ford bio is available here. Arp...