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Geely's Volvo says to hire 1,200 new staff
STOCKHOLM: Volvo Cars, owned by China's Geely, said on Tuesday it planned to hire 1,200 new employees in Sweden and Belgium as it invests to meet new global demand.
Volvo Chief Executive Stefan Jacoby said the carmaker expected to sell "significantly more cars in 2011" compared with the previous year and that it had seen good demand in the past month in the United States, Europe and also China.
Demand in Japan also remained surprisingly strong, he said. "We are investing in our future. There is no free ticket for a bright future," Jacoby said, adding that the firm was also investing in capacity at its plants.
The carmaker has said it plans to invest up to $11 billion in new product development and facilities over the next 5 years.
Geely, parent of Geely Automobile Holdings, took over Ford Motor's Volvo car unit in August 2010, in China's largest acquisition of a foreign car maker.
dacare This entry was posted on April 2nd, 2011 at 11:04:10 am by dacare and is filed under Manufacturing & Industry.