AB Volvo Partners Centre for Research into Traffic Safety in China
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http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20121218:nBw176496a GÖTEBORG, Sweden--(Business Wire)-- AB Volvo is one of five partners behind a new centre for research into traffic safety in China that was inaugurated today, December 18, in Beijing. The China Sweden Research Centre for Traffic Safety signals closer cooperation between Sweden and China in the field of transportation. In China, which is one of the world`s biggest markets for cars and heavy trucks, traffic safety has emerged as an increasingly important issue for both the Chinese government and the general public. When Sweden`s Minister for Enterprise Annie Lööf visited China in May 2012, the Swedish and Chinese governments signed a letter of intent regarding a joint research facility for traffic safety. The China Sweden Research Centre for Traffic Safety was inaugurated today and will conduct research projects with the aim of improving road safety both in Sweden and in China. Pilot projects are already under way, including some whose focus is on studying accidents in China involving trucks and buses. The research centre also aims to boost the exchange of technology and knowhow between the two countries and to support the two governments` decisions on issues relating to traffic safety. "With safety as one of our core values, the Volvo Group has long experience of working with traffic safety issues. China is a vital market and one of the benefits of this cooperation is that we gain better insight into its traffic situation at the same time as we can build up valuable experience through hands-on work together with Chinese universities, research institutes and public authorities," says Jan-Eric Sundgren, Executive Vice President Public & Environmental Affairs at the Volvo Group. "The fact that both governments want to bring Volvo on board in this process is clear evidence of the Group`s leading role in vehicle and traffic safety". The other partners in addition to AB Volvo are Volvo Car Group, Chalmers University of Technology, the Chinese Ministry of Transport`s Research Institute of Highways and Tongji University. 2012-12-18 For more stories from the Volvo Group, please visit http://www.volvogroup.com/globalnews. The Volvo Group is one of the world`s leading manufacturers of trucks, buses and construction equipment, drive systems for marine and industrial applications. The Group also provides complete solutions for financing and service. The Volvo Group, which employs about 115,000 people, has production facilities in 20 countries and sells their products in more than 190 markets. In 2011 annual sales of the Volvo Group amounted to about SEK 310 billion. The Volvo Group is a publicly-held company headquartered in Göteborg, Sweden. Volvo shares are listed on OMX Nordic Exchange Stockholm. For more information, please visit www.volvogroup.com or www.volvogroup.mobi if you are using your mobile phone. This information was brought to you by Cision http://www.cisionwire.com Kina Wileke +46 31 66 12 32 or +46 0739 02 55 44. Copyright Business Wire 2012
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