Photo: Volvo
Volvo officials have just announced that they will be ceasing car production for a whole week, due to the low demand on the European market, and in order to prevent excessive dealer stockpiling. The Torslanda plant, in Sweden, will be shut down between October 29th and November 2nd.
According to Volvo CFO and acting CEO, Jan Gurander, "Europe is the main market for Volvo Car Corp. and the continued recession is naturally affecting the demand for our cars [. . .] Against this background, it is essential for us to continue to use the built-in flexibility we have within our manufacturing system [. . .] There are no plans for changes to the permanent work force at the Torslanda plant.”
However, despite the not-so-good news, Volvo is still on track to reach its projected sales target of 800,000 units sold worldwide by 2020. Also, with a 20% rise in sales in 2011, over the previous year, selling 449,225 units in total, they still have good reason to stay optimistic.
Story via autonews.com
However, despite the not-so-good news, Volvo is still on track to reach its projected sales target of 800,000 units sold worldwide by 2020. Also, with a 20% rise in sales in 2011, over the previous year, selling 449,225 units in total, they still have good reason to stay optimistic.
Story via autonews.com
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