STOCKHOLM, Sweden--(Business Wire)--Regulatory News:
The Volvo Group (NASDAQ:VOLV) (STO:VOLVA) (STO:VOLVB) has
initiated a recruitment campaign with the aim of employing 250
engineers globally within the Group's truck-related research and
technology development activities. "This is just the beginning of a
recruitment period that will last several years, which is attributable
to our extensive investments - mainly within environmentally related
research and technology development," says Anders Ydergard, Senior
Vice President Vehicle Research and Development.
Recently, the Volvo Group launched a campaign to recruit 75 newly
graduated engineers within mechanics, electronics and industrial
design in Sweden and France. In addition to the newly graduated group,
175 engineers will be recruited in Sweden, France, India and the US.
"Volvo 3P is a global organization working with cutting-edge
technology and innovative solutions for the Volvo Group's truck
business. Today, our global product development employs 2,600
engineers and our extensive investments - mainly within
environmentally related research and technology development - create
the need for this global recruitment campaign," says Anders Ydergard.
In developing the next generation of trucks, expertise within
software development, electrics/electronics and communications
technology is of the utmost importance. There is also a need for
industrial designers to meet the high customer expectations for
functional and aesthetic product design that will minimize
environmental impact. Securing future environmental performance and
creating cost-efficient solutions also requires expertise within
mechanical design and materials.
"It is crucial that we ensure our long-term competence with a high
proportion of developers with a university degree. Through employing
newly graduated engineers, we secure the latest in expertise in our
key areas as well as increase the number of potential future leaders,"
concludes Anders Ydergard.
December 19, 2007
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AB Volvo (publ) may be required to disclose the information
provided herein pursuant to the Securities Markets Act. The
information was submitted for publication at 13.00 p.m. December 19,
2007.
The Volvo Group is one of the world's leading manufacturers of
trucks, buses and construction equipment, drive systems for marine and
industrial applications, aerospace components and services. The Group
also provides complete solutions for financing and service. The Volvo
Group, which employs about 100,000 people, has production facilities
in 19 countries and sells their products in more than 180 markets.
Annual sales of the Volvo Group amount to about 27 billion euro. The
Volvo Group is a publicly-held company headquartered in Goteborg,
Sweden. Volvo shares are listed on OMX Nordic Exchange Stockholm.
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AB Volvo
Marten Wikforss
Tel. +46 31 66 11 27 or +46 705 59 11 49.
Copyright Business Wire 2007
