Eicher Motors Ltd subsidiary Volvo Eicher Commercial Vehicles Ltd (VECV), recently announced that it has acquired Volvo Bus India, a division of Volvo Group India Pvt. Ltd, for about ₹100 crore. Volvo Bus India is engaged in the business of production and sale of buses and coaches in India. “The transaction comprises of the proposed…
Sweedish automobile manufacturer, AB Volvo recently said it plans to cut its white-collar workforce by around 4,100 positions during the second half of 2020 due to the effects of the COVID-19 pandemic. The recent development at Volvo follows a similar measure taken by fellow truck maker Scania to reduce jobs due to the coronavirus pandemic.…
The financial arm of Volvo Group, Volvo Financial Services recently announced that it has appointed Johan Hoff as the company’s President for Europe, Middle East and Africa region. His appointment will come in effect from July 1st. He will be responsible for developing Volvo Financial Services’ customer and Volvo Group business area relations in Europe,…