Volvo to Hire 100-150 Workers in Bid to Boost Daily Auto Production
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Swedish automaker Volvo said Tuesday it will hire between 100 and 150 new workers to help increase production at its main assembly plant, a spokesman said Tuesday.
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Volvo AB posted a 24 percent increase in fourth-quarter profit Friday as sales growth stalled for the world's second biggest truckmaker, missing analysts forecasts.
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A SCHEDULED connection between Foynes and the Dutch port of Rotterdam will commence on November 20 with the provision of 15 new jobs which will increase to 25 over a two year period.
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The company is offering union workers at five auto parts plants up to $100,000 to leave because of declining demand from automakers.
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Swedish heavy lorry maker Volvo AB said its net profit leapt 24.5 percent in 2006 to 16.318 billion kronor (1.8 billion euros, 2.4 billion dollars), on the back of record sales.
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Ford Motor Co.  will offer buyout  packages of up to $140,000 to all of the more than 75,000  workers at its U.S. plants, the United Auto Workers union said  on Thursday, a day before the automaker details a revised  turnaround plan.
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The designer responsible for changing the shape of Volvos has been given a much larger makeover project: get Americans excited about Fords, Lincolns and Mercurys.
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The United Auto Workers and an automotive supplier have reached an agreement that covers current hourly workers and possibly those at yet-to-open factories, the first multi-plant pact negotiated by the UAW in 20 years.
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Nissan is to produce a new car at its plant in the North East, which it says will help to safeguard 1,000 jobs.
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Ford Motor Co.  said  on Tuesday it would boost production in Russia to 125,000 cars  per year by 2009 from 72,000 as it seeks to satisfy booming  demand in Europe&#39;s fastest growing car market.
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Swedish truck maker Volvo  said on Tuesday it will offer 540 yen ($4.51) in cash per share for all the Nissan Diesel Motor Co. Ltd.  shares it does not own, planning to make the Japanese truck maker a wholly owned unit.
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General Motors Europe will chop 12,000 jobs over two years -- around a fifth of its workforce -- to lop 500 million euros ($673 million
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TOKYO, Tuesday, Feb. 20  â The Swedish truck maker Volvo said on Tuesday it would take over the Nissan Diesel Motor Company for $1.1 billion.
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Chrysler Group said on Wednesday it plans to add about 100 new dealerships in established markets such as Western Europe over the next two years, as it focuses on expanding sales outside North America.
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Swedish industrial vehicles company Volvo reported a rise in net profit in the third quarter, driven by the strong performance of its flagship truck division.
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Chrysler LLC is offering buyouts of up to $100,000 to an unidentified number of hourly workers at 12 of its Detroit-area facilities, a spokeswoman said on Monday.
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Representatives from German carmaker Volkswagen AG and a labor union said Friday they had agreed to increase working hours at plants in western Germany by more than four hours a week to 33 hours, without any increase in pay.