by Staff Writers
Stockholm (AFP) Oct 15, 2012
Volvo Cars, part of China's Geely group, said on Monday that production at one of its main plants would be suspended for a week due to a slowdown in the European auto market.
Production at Torslanda, next to the company's Gothenburg headquarters, will be temporarily halted from October 29 until November 2.
"The measure is taken based on a continued decline of the automotive market, primarily in Europe. Therefore a further adjustment to Volvo Car Corporation's manufacturing operation is necessary," the company said in a statement.
On October 1 Volvo reduced the production pace at Torslanda to 50 cars per hour, down from 57.
During the week-long suspension, "Torslanda plant employees will be on leave with pay through a combination of utilising time banks and leave of absence," it said.
Volvo Car Corporation is a separate entity from Volvo Trucks, the maker of trucks, buses and construction machinery, since the auto company was sold in 1999.
Car Technology at SpaceMart.com
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Tycoon offers Chinese cars for Japanese amid row
Shanghai (AFP) Oct 11, 2012
A Chinese philanthropist known for his populist gestures has pledged to give domestically made cars to more than 40 people whose vehicles were damaged in widespread anti-Japan protests last month. The protests erupted in cities across China last month over a dispute involving islets in the East China Sea, with some demonstrators targeting Japanese-brand cars. Tycoon Chen Guangbiao, dress ... read more
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