DETROIT, Aug 23 (Reuters) - Ford Motor Co.'s Volvo Cars division plans to lay off up to 1,500 workers, or 5 percent of its global work force this year, part of an effort to cut costs by more than $130 million, a company spokesman told Reuters on Tuesday. Volvo, purchased by Ford in 1999, has been hit hard by a weak U.S. dollar and strong competition in the U.S. market, Volvo spokesman Olle Axelsson said. U.S. sales at Volvo, whose solidly built cars are marketed to upper middle class ...
Premium Content (PAID Subscription Required)
"Ford's Volvo to lay off up to 1,500 workers" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642