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TRUCKMAKERS' NEWS * WORLDWIDE
* Sweden - Volvo cutting jobs, production
Stockholm,Sweden -Bloomberg/Land Line Magazine (USA) -December 17, 2008: -- The world’s second-largest truck maker is cutting back on production and jobs. Volvo announced Tuesday, Dec. 16, that it’s stopping heavy truck production in Europe for up to 25 days in the first quarter of 2009 because of the recession... Volvo’s sales fell 21 percent in November and that canceled orders outnumbered new orders by 1,800 trucks. The company is also in the process of cutting more than 2,000 jobs... According to Bloomberg, truck manufacturers worldwide have seen orders fall dramatically, largely because potential buyers can’t get financing... In related news, engine-maker Cummins says it’s laying off 500 workers and has downscaled its sales projections for this year...* USA - Mack Relocates to Greensboro
Greensboro,NC,USA -Business Facilities -17 Dec 2008: -- Mack Trucks Inc., one of North America's largest producers of heavy-duty trucks, will relocate its headquarters and some support functions to Greensboro, NC, creating 493 jobs and investing $17.7 million over the next three years... The decision was made to relocate the company's headquarters as a part of a restructuring plan. Mack Trucks and Volvo Trucks North America, which is headquartered in Greensboro, are both members of the Sweden-based Volvo Group, the world's second-largest producer of heavy-duty trucks... Mack's headquarters is currently located in Allentown, PA, as are personnel and support functions such as information technology, parts logistics, product development and purchasing that serve both Mack and Volvo Trucks North America... Labels: truckmakers' news USA
posted by Unknown @ 6:35 AM
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