SWEDEN: Volvo shutting US truck plant
Author: just-auto.com editorial team | 11 December 2009
World number two truck maker Volvo said on Friday it would close its plant in Asheville, North Carolina, as it sought to scale back excess capacity in the face of the downturn.
Volvo said in a statement the decision would affect 228 employees at the manufacturing plant for construction equipment and result in a restructuring cost of SKR100m (US$16m), most of which would be booked in the fourth quarter.
The Asheville plant would be closed by 31 March, 2010, according to a Reuters report.
Sectors: Commercial vehicles, Financial, Vehicle manufacturers, Vehicle manufacturing
Companies: Volvo
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There is currently 1 comment on this article
I could be wrong, but as far as I know the Asheville plant is part of the Volvo Construction Equipment group and manufacturinh just off-road dumpers - there is no connection with Volvo Trucks with regard to manufacturing vehicles.
hktrucks said at 3:48 pm, December 14, 2009
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