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Stockholm (AFP) March 29, 2011 Swedish carmaker Volvo, now owned by China's Geely, said Tuesday it would hire 1,200 new employees, mostly engineers, over the next year to hike production and develop electric cars. "The majority of the new recruitments will be engineers within research and development where the company needs among other things new competence in the field of electrification," the company said in a statement. Some 1,000 people, including 900 engineers, will be hired in Sweden, while 200 new employees will be hired to work at Volvo's largest plant in Ghent, Belgium. Volvo cars employed 19,500 people at the end of 2010, some 12,900 in Sweden and 4,500 in Belgium. The number of Volvo employees shrank heavily during the crisis in the auto industry in 2008 and 2009. In 2007, some 24,400 people worked for Volvo. But sales bounced back 11 percent last year and China's Geely, which bought Volvo from US giant Ford in August 2010, hopes to double sales over the next 10 years, mainly for the Chinese market. It hopes for total Volvo sales to reach 800,000 by 2020, up from 373,525 cars in 2010. To reach its goal, the company plans to invest some 11 billion dollars in China over the next five years and to open a plant there in 2012 or 2013.
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PSA to curb Slovak production on stalled supplies from JapanBratislava (AFP) March 25, 2011 French car maker PSA Peugeot Citroen said Friday it would temporarily cut production at its Slovak plant next week after the massive earthquake in Japan earlier this month hit car part supplies. "The company will completely halt production on Monday and reduce output to one shift for the rest of the week," Peter Svec, spokesman for the PSA plant, told AFP. "The company lacks components f ... read more |
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