Volvo PV collaboration with Siemens
Volvo PV and Siemens have entered into an agreement regarding electric vehicle development. Volvo PV has also decided to invest in full hybrids, which the company sees as a necessity if it is to compete in the USA with large autos such as the XC 90.
Volvo PV slows upVolvo PV is switching its Torslanda shift system from rolling meal breaks to fixed breaks to slow up production by 275 cars per week. As a precautionary measure during these turbulent times, 250 positions will be eliminated.AB Volvo get new CEO
Olof Persson took over the leadership of AB Volvo on September 1. He tells us in an interview that he'll be keeping his foot close to the brake pedal and he'll react quickly if sales fall. It's a well-known fact that truck sales fall when the economy weakens.