International Business News - volvo http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Swedish truck and bus maker Volvo AB Tuesday said it will lay off nearly 1,000 staff at its powertrain unit in Sweden and the United States as the global financial crisis continues to weigh on the demand for heavy vehicles. http://www.ibtimes.com/articles/20081111/volvo-to-cut-1-000-jobs-in-sweden-north-america.htm Tue, 11 Nov 2008 10:35:27 EST Swedish truck maker Volvo AB says it will lay off 600 more workers at plants in Sweden and Belgium due to declining demand in Europe. Volvo spokesman Stafan Karlsson said Wednesday the job cuts will affect 200 staffers at its plant in Ghent, Belgium, 250 workers in Goteborg, western Sweden, and 150 employees in Umea, northern Sweden. http://www.ibtimes.com/articles/20081029/volvo-lays-off-600-employees-in-sweden-belgium.htm Wed, 29 Oct 2008 12:33:14 EDT Swedish truck maker Volvo AB said Friday its third-quarter profit dropped 37 percent and lowered its outlook as the global financial crisis sapped demand for heavy vehicles in Europe, North America and Japan. http://www.ibtimes.com/articles/20081024/volvo-3q-profit-hurt-by-financial-crisis.htm Fri, 24 Oct 2008 12:05:56 EDT Sweden's Volvo AB said Thursday it planned to slash 850 more jobs at its construction equipment unit because of a slowdown in the market. The company, which also makes trucks and buses, previously had announced it would cut 500 jobs from the construction unit in Sweden and that it would close down a plant in Canada. http://www.ibtimes.com/articles/20081023/volvo-cuts-850-more-jobs-at-construction-unit.htm Thu, 23 Oct 2008 10:52:42 EDT Ford-owned carmaker Volvo Cars said Wednesday it will slash more than 13 percent of its work force because of falling global demand. Citing a "rapidly deteriorating market situation in the global car industry," the Goteborg-based company said it would cut about 3,300 jobs, of which 2,000 would be blue-collar and 700 of them white-collar positions in Sweden. http://www.ibtimes.com/articles/20081008/volvo-cars-to-slash-more-than-3-000-jobs.htm Wed, 08 Oct 2008 08:50:19 EDT Volvo Cars says it plans to slash more than 3,000 jobs because of decreasing demand. The company, which is owned by U.S. automaker Ford, says around 2,000 blue-collar employees and 700 white-collar staff will lose their jobs in Sweden. Another 600 employees will be fired abroad. http://www.ibtimes.com/articles/20081008/volvo-cars-to-slash-more-than-3-000-jobs.htm Wed, 08 Oct 2008 04:15:14 EDT Swedish truck and bus maker Volvo AB announced plans Tuesday to lay off around 1,400 workers at truck plants in Belgium and Sweden because of falling demand in Europe. http://www.ibtimes.com/articles/20080930/volvo-to-cut-1-400-staff-at-european-truck-plants.htm Tue, 30 Sep 2008 10:41:56 EDT Volvo Cars said Friday it may have to cut 900 more jobs in Sweden in 2009 as the global car market continues to deteriorate. The unit of Ford Motor Co. also said it will move forward the announced cancellation of the third shift at its plant in Goteborg, western Sweden, to October. http://www.ibtimes.com/data/articleimgs/128366-volvo-cuts.jpg http://www.ibtimes.com/articles/20080912/volvo-cars-plans-to-cut-900-more-jobs-in-2009.htm http://www.ibtimes.com/articles/20080912/volvo-cars-plans-to-cut-900-more-jobs-in-2009.htm Fri, 12 Sep 2008 11:07:49 EDT Ford Motor Co.'s appointment of veteran executive Stephen Odell to head its Volvo Cars operation likely means the U.S. automaker plans to keep the Swedish automaker and fix its problems rather than sell it, according to several industry analysts. http://www.ibtimes.com/articles/20080902/volvo-ceo-resigns-replacement-named.htm Tue, 02 Sep 2008 16:28:22 EDT Swedish truck and bus maker Volvo AB on Wednesday reported a 28 percent rise in second-quarter net profit, citing higher sales in Eastern Europe, South America and Asia, but dismayed investors by saying European orders were weakening in an uncertain economy. http://www.ibtimes.com/articles/20080723/volvo-2q-net-profit-rose-28-pct-on-sales.htm Wed, 23 Jul 2008 12:46:02 EDT The European Union is investigating whether Sweden's government violated European Union rules by paying millions to assist Volvo AB's aircraft unit Volvo Aero, regulators said Wednesday. http://www.ibtimes.com/articles/20080716/eu-investigates-state-aid-to-volvo-aero.htm Wed, 16 Jul 2008 09:19:38 EDT Sweden's Volvo AB said Tuesday its aircraft unit, Volvo Aero, has signed a contract with Rolls-Royce to develop an engine component for the Airbus A350XWB aircraft. http://www.ibtimes.com/articles/20080715/volvo-aero-rolls-royce-ink-deal.htm Tue, 15 Jul 2008 08:38:34 EDT Sweden's Volvo AB said Monday its aircraft unit Volvo Aero has signed a contract to supply components to U.S. aircraft engine manufacturer Pratt & Whitney. http://www.ibtimes.com/articles/20080714/volvo-aero-deal-with-pratt-whitney.htm Mon, 14 Jul 2008 12:24:14 EDT Ford Motor Co. isn't commenting on a Chinese business journal report that China's Chery Automobile Corp. is interested in buying Ford's Volvo unit. Caijing Magazine quotes unidentified sources as saying Chery is looking for bank and equity investor help for a possible bid for Volvo, Ford's Swedish nameplate. http://www.ibtimes.com/articles/20080707/ford-wont-comment-on-report-chery-wants-volvo.htm Mon, 07 Jul 2008 17:09:05 EDT Ford-owned Volvo Cars Wednesday said it has given layoff notices to 1,200 employees in Sweden as part of efforts to reduce costs by around 4 billion kronor (US$662 million). http://www.ibtimes.com/articles/20080625/volvo-cars-gives-notice-to-1-200-staff.htm Wed, 25 Jun 2008 07:12:39 EDT Ford-owned Volvo said Wednesday it had given layoff notices to 1,200 workers in Sweden following a $151 million first-quarter loss on declining U.S. sales. http://www.ibtimes.com/articles/20080625/fords-volvo-lays-off-1-200-workers.htm Wed, 25 Jun 2008 07:30:46 EDT Swedish truck maker AB Volvo Monday said it will invest about $312 million in forming a joint venture with Indian vehicle manufacturer Eicher Motors. The company said the joint venture will include Eicher Motors entire truck and bus operations and Volvo's Indian truck sales operations and service network for trucks and buses. http://www.ibtimes.com/articles/20080526/volvo-forms-joint-venture-with-indias-eicher.htm Mon, 26 May 2008 17:14:26 EDT Ford-owned Volvo Cars said Monday it plans to stop night shift production of cars in its Torslanda plant in western Sweden, which could result in up to 700 layoffs. http://www.ibtimes.com/articles/20080519/volvo-cars-to-stop-night-shift-in-sweden.htm Mon, 19 May 2008 12:20:05 EDT Ford Motor Co. on Monday said it will recall 65,000 Volvo V70 and XC70 cars to adjust the software that triggers the release of side-impact air bags. Volvo Cars spokeswoman Maria Bohlin said the recall affects 2008 models primarily in Europe and does not apply to owners in the U.S. and Canada. http://www.ibtimes.com/articles/20080428/volvo-recalls-65-000-cars-over-side-impact-air-bags.htm Mon, 28 Apr 2008 14:17:44 EDT Among the earnings stories for Friday, April 25, from AP Financial News: STOCKHOLM, Sweden (AP) _ Swedish truck maker Volvo AB said Friday that first-quarter profit rose 12 percent as higher sales in Europe and Asia more than offset weak demand in the United States. http://www.ibtimes.com/articles/20080425/earnings-roundup-volvo-amag-pharmaceuticals.htm Fri, 25 Apr 2008 10:41:55 EDT