Analyst Research

Report Title Price
Provider: ValuEngine, Inc.
Provider: Reuters Investment Profile
Provider: Reuters Investment Profile
Provider: Ford Investor Services, Inc.

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Volvo AB to Implement Changes within Truck Manufacturing in Europe Including Staff Cutbacks

Wednesday, 16 Oct 2013 08:14am EDT 

Volvo AB announced that the Company has made a directional decision to implement changes in the European industrial structure for truck manufacturing. The aim is to enhance the efficiency of manufacturing and thus strengthen competitiveness. The intention is to, step-wise over the next two years, relocate cab trim operations from Umea to Gothenburg, to concentrate the assembly of heavy duty trucks in Gothenburg to one line, and to concentrate the assembly of medium duty trucks to Blainville. The plant in Umea will be further specialized in its main core business - sheet-metal pressing, welding and painting of cabs. The directional decision is expected to result in staff cutbacks and operational changes, and will be subject to trade union consultations. 

Company Quote

0.2 +1.37%
3:06pm EST