Monday, November 28, 2011

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.

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