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Nov 19, 2016

VOLVO news * Sweden

* Stockholm - KMW-Nexter plans to buy Volvo's Governmental Sales unit 


--- Franco-German armored vehicles maker KMW-Nexter is planning to buy the Governmental Sales division of Swedish truckmaker Volvo, German daily Die Welt reported, not citing where it obtained the information... Volvo had put the unit, which employs 1,300 staff and accounts for about 1.5 percent of Volvo's revenues, for sale earlier this month following a strategic review of the business. It manufactures and sells custom-designed vehicles to governments, the defense industry, peacekeeping forces and aid organizations... Volvo had sales of 313 billion Swedish crowns ($33.9 billion) in 2015... A spokesman for Volvo said that there had been no contact with any buyers so far, adding that process had not yet been started...
(Photo) --  Stockholm, Sweden - Reuters, by Christoph Steitz/Anna Ringstrom/Alexandra Hudson - Nov 18, 2016


* Swedish dockers strike in Scandinavia's largest port
--- Swedish dockers launched a strike on Tuesday in Gothenburg, Scandinavia's largest port, demanding better wages and working conditions... According to the employers' organization, around half of container traffic in Sweden passes through the Gothenburg port, operated by APM Terminals (Maersk Group), which is Scandinavia's largest. Only one third of the container traffic will operate during the strike... The world's second largest truck-maker Volvo said it might disrupt its business. "We have made short-term plans and if the strike is limited to three days we can maintain production," Joakim Kenndal, press chief at Volvo Group, told Swedish public broadcaster SVT. "But after three days we don't know," he added... 
(Photo: Bj√∂rn Larsson Rosvall/TT - The port in Gothenburg)  --  Gothenburg, Sweden - The Local SE - 15 Nov 2016

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