SWEDEN: Former Volvo boss hits out at sacking
Jacoby (right) in happier, pre-Volvo times as head of Volkswagen in the US. He was launching the redesigned Jetta with singer Katy Perry in this July 2010 file photo
Stefan Jacoby, the former CEO of Volvo Cars, has admitted to feeling cheated by his old company after he was fired last year while recovering from a stroke.
Jacoby told Dagens Industri newspaper he had no warning he would be sacked by the Swedish company.
“I was shocked,” he said.
“After everything I did over two years, it felt like I’d been tossed out like rubbish. It was really, really tough. There was surely a more elegant way to handle it.”
The former CEO suffered a stroke at home mid-September although he later claimed it was only minor. In October, Håkan Samuelsson, former chairman of German truck maker MAN, was named the new Volvo Cars CEO.
Jacoby told the newspaper it felt “very strange” to be informed of his redundancy when he was in the middle of a sickness.
“I was kicked out right in the middle of the game. And to this day I’ve still not had any explanation of why it happened.”
Despite losing his job, Jacoby admitted that it opened a new door in his life.
“I really loved my job, maybe too much. It was a shock, but on the other hand, it gave me a chance to do something new.”
The media days for the 2013 Frankfurt Internationale Automobil-Ausstellung (IAA) are 10 & 11 September. Each of the following vehicles is a world premiere at the show....
Sales at Geely's Volvo Car Group fell 2.6% year on year in June to 40,939 units with year to date volume off 5.5% to 209,118....
Total light vehicle sales last month came in at just over 1.4m, 9.1% ahead of June 2012. That works out to a seasonally adjusted annualised rate (SAAR) of 15.96m, the highest since November 2007, the ...
Singapore-based investment holding company, Gallant Venture, is offering to buy out minority investors in Indomobil Sukses International in an effort to consolidate control of one of Indonesia's large...
Geely's Volvo Cars has named Hans Oscarsson CFO from 1 August. He is currently deputy CFO and operation controller and replaces Jan Gurander who is leaving the automaker....
- ANALYSIS: Making sense of China's sales volatility
- COMMENT: McLaren comes of age
- THE WEEK THAT WAS: Toyota's FCV cometh
- Briefing: Tomorrow's steering systems
- ANALYSIS: Kia 'thinks globally, acts locally'
- Mitsubishi ending US production
- Delphi ramps up acquisitions
- FRANKFURT DEBUTS LIST: Ferrari 488 Spider added
- FCA to recall 1,060,531 Ram trucks
- JCI confirms auto exit as supplier eddies swirl
- Global vehicle lightweighting - technology, trends and the future
- Global light vehicle engine technologies market- forecasts to 2030
- Global light vehicle steering market- forecasts to 2030
- Global light vehicle OE tyres market- forecasts to 2030
- Global light vehicle OE wheels market- forecasts to 2030