Volvo expects rise in demand, will hire 200 workers in Sweden

2011 Volvo S60 R-Design

Volvo is expecting demand for its vehicles to rise… yes, you read that correctly. According to Volvo spokesman Per-Ake Froberg, the Swedish automaker now owned by China’s Zhejiang Geely Holding Group Co., will hire 200 workers in Sweden through March to meet an expected rise in demand.

Volvo plans to increase the workforce at its Gothenburg plant to 3,400 workers as it moves to expand production there to 52 vehicles per hour. Currently the plant produces 48 vehicles per hour.

“We want to be prepared as we expect higher demand next year,” Froberg said by telephone today.

Volvo is aiming to finish 2010 with sales of about 380,000 vehicles. The company’s new CEO, Stefan Jacoby, wants to increase sales to 800,000 cars in 10 years.

– By: Omar Rana

Source: Bloomberg