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TRUCKMAKERS NEWS * WORLDIWDE
* Sweden - Truck man aims to get Volvo back on China road
Stockholm,Sweden -Reuters, by Patrick Lannin -19 Oct 2012: -- New wheels, same deals - that's how Hakan Samuelsson thinks a life selling trucks makes him the right man to get Volvo Cars back to growth in the key home market of its Chinese owners... Volvo is both China's biggest overseas investment in the auto industry and a key employer in the Nordic state, a brand close to the hearts of many in his homeland... His main aim, he said, at the helm of Volvo, which was bought from Ford Motor Co by Zhejiang Geely Holding Group for $1.8 billion in 2010, would be to make the most of what Volvo sees as a clear market opportunity to exploit the massive potential of a growing middle class in China... Samuelsson quit MAN in 2009 after the company was implicated in a bribery scandal in Slovenia. German prosecutors said in September that he was being investigated for allegedly aiding and abetting bribery and MAN is seeking damages from the Swede... Industry analysts are watching to see how Samuelsson turns his experience to expanding sales, especially in China, while retaining Volvo's brand premium over Geely-badged cars there...
Labels: truckmakers news worldwide
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