SWEDEN: Volvo Trucks sees orders uplift, increased production
By: just-auto.com editorial team | 26 January 2010
 |
Volvo Trucks set to increase production - albeit from a low base |
In recent months Volvo Trucks has seen positive signs of increased demand from its customers, albeit from a very low level.
The firm says that after a reduction in the new truck inventory, the production of new vehicles will now be increased.
“The market situation is still uncertain, but we see signs of recovery in terms of trucks,“ says Volvo Trucks President and CEO, Staffan Jufors, adding “To meet the demand, we are now expanding the capacity in some of our factories.”
The increased production means fewer lay-off days at the Gent assembly plant in Belgium and for the Swedish factories in Umeå and Tuve; it means more work on Fridays.
Umeå, which supplies many Volvo Truck factories with cabs, will re-employ staff to manage the overall production needs. The Gent factory will increase the staffing in the cab-trim to be in phase with the capacity of the final assembly. At the same time the factory in Curitiba in Brazil levels up one shift.
“Since the economy remains highly uncertain, it is at this stage a question of short-term contracts,“ says Staffan Jufors.
“It is very pleasing that we see a recovery, but we must also be well aware that the economy is very uncertain and that the volume increases are from very low levels. We are acting in a very tough competitive market situation, which means that we must continue to focus on our costs and remain aware of the uncertainty of the situation and act accordingly,” Staffan concludes.
Sectors: Commercial vehicles, Vehicle manufacturing
Companies: Volvo
View next/previous articles
26 Jan 2010 -
26 Jan 2010 -
Currently reading -
SWEDEN: Volvo Trucks sees orders uplift, increased production
26 Jan 2010 -
26 Jan 2010 -
Related research
Datamonitor's AB Volvo - SWOT Analysis company profile is the essential source for top-level company data and information. AB Volvo - SWOT Analysis examines the company’s key business structure and operations, history and products, and provides summa...
Premium Company Profile: AB Volvo
Introduction Volvo is engaged in the manufacturing of trucks, buses, construction equipments, and drive systems for marine, aerospace components and services. The group aims to boost its commercial transport business in the Asian and European market...
Volvo Group - IT Sales Opportunities – 2008
Industry trends and drivers have a direct or indirect affect on IT spending of all companies operating within an industry. For example – increase in sourcing from low cost countries might influence Volvo to relook at their supply chains, resulting in...
Related articles
US: Ford boosts Q2 income $338m
Ford has reported second quarter net income of US$2.6bn, or 61 cents per share, a $338m improvement from second quarter 2009. Pre-tax operating profit totaled $2.9bn, or 68 cents per share, a $3.5bn improvement from second quarter 2009 and a $932m improvement from first quarter 2010.
ANALYSIS: China caution tempers auto optimism
China has largely navigated its way through the global economic crisis and automakers are increasingly eyeing the country for growth, which is why a sign of weakness in the country's second fiscal quarter has left investors a little unnerved.
There are currently no comments on this article
Be the first to comment on this article