In the News

Sweden – Volvo Cars to Halt Production

Volvo Car Corp. Monday said it would halt production for a week from Oct. 29 at its plant in Torslanda, Sweden, in the latest response to shrinking demand from an auto maker.

“The recession in Europe is deepening and that impacts customers’ willingness to buy new cars,” said Volvo spokesman Per-Ake Froberg. “Therefore we have to continue to adjust production.”

The move is the latest sign of the impact of falling demand on the car industry. The warning from Volvo, which manufactures most of its vehicles in Europe and relies heavily on the continent for sales, could send a pessimistic signal to market participants, who are heading into earnings season with continued concern about Europe and the impact of the euro-zone crisis on consumer behavior.

Volvo is an unlisted unit of Chinese Zhejiang Geely Holding Group Co…

via Volvo Cars to Halt Production at Sweden Plant –

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)

The Most Popular Job Search Tools

Even More Objectives Statements to customize

Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office

Follow Job Market Monitor on

Enter your email address to follow this blog and receive notifications of new posts by email.

Follow Job Market Monitor via Twitter



%d bloggers like this: