Volvo to assemble fewer cars in January, February
Stockholm - Volvo Cars, the Swedish subsidiary of US carmaker Ford, is to assemble fewer cars in the coming two months, reports said Friday.
The decision by management of the Gothenburg-based carmaker was to avert a build-up of unsold vehicles, and production was estimated at 5,000 cars per month for January and February, the Goteborgs-Posten newspaper reported.
"It is still tough and we do not see any major turnaround of orders," Volvo Cars spokeswoman Maria Bohlin told the paper but she did not confirm the paper's production figure.
There were no immediate plans to lay off more staff. Some 2,000 employees left the company at the end of 2008. (dpa)
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