AB Volvo (MM) (NASDAQ:VOLV)
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Regulatory News:
Volvo (NASDAQ:VOLV)(STO:VOLVA)(STO:VOLVB):
Employees represented by the United Auto Workers have ratified a
new three-year agreement covering about 2,600 members of UAW Local
#2069 at the New River Valley, VA, plant. The new contract takes
effect on March 17, and will expire on March 16, 2011. The agreement
ends the UAW strike that began on February 1.
"This agreement will help us improve the competitiveness of our
NRV plant, while continuing to provide our employees with a very
competitive package of wages and benefits," said Per Carlsson,
president and CEO of Volvo Trucks North America. "Our focus now is on
getting trucks to our customers as soon as possible, and strengthening
our relationship with our NRV employees."
Employees will return to work on March 24, when the plant will
begin ramping up to an average daily production rate of 146 vehicles a
day.
March 17, 2008
Visit http://www.thenewsmarket.com/volvogroup to access
broadcast-standard video from Volvo Group. You can preview and request
video, and choose to receive as a MPEG2 file or by Beta SP tape.
Registration and video is free to the media.
AB Volvo (publ) may be required to disclose the information
provided herein pursuant to the Securities Markets Act. The
information was submitted for publication at 08.00 a.m. March 17,
2008.
The Volvo Group is one of the world's leading manufacturers of
trucks, buses and construction equipment, drive systems for marine and
industrial applications, aerospace components and services. The Group
also provides complete solutions for financing and service. The Volvo
Group, which employs about 100,000 people, has production facilities
in 19 countries and sells their products in more than 180 markets.
Annual sales of the Volvo Group amount to about SEK 285 billion. The
Volvo Group is a publicly-held company headquartered in Goteborg,
Sweden. Volvo shares are listed on OMX Nordic Exchange Stockholm.
This information was brought to you by Cision
http://newsroom.cision.com
Regulatory News:
Volvo (NASDAQ:VOLV)(STO:VOLVA)(STO:VOLVB):
Employees represented by the United Auto Workers have ratified a new
three-year agreement covering about 2,600 members of UAW Local #2069 at
the New River Valley, VA, plant. The new contract takes effect on March
17, and will expire on March 16, 2011. The agreement ends the UAW strike
that began on February 1.
“This agreement will help us improve the
competitiveness of our NRV plant, while continuing to provide our
employees with a very competitive package of wages and benefits,”
said Per Carlsson, president and CEO of Volvo Trucks North America. “Our
focus now is on getting trucks to our customers as soon as possible, and
strengthening our relationship with our NRV employees.”
Employees will return to work on March 24, when the plant will begin
ramping up to an average daily production rate of 146 vehicles a day.
March 17, 2008
Visit http://www.thenewsmarket.com/volvogroup
to access broadcast-standard video from Volvo Group. You can preview and
request video, and choose to receive as a MPEG2 file or by Beta SP tape.
Registration and video is free to the media.
AB Volvo (publ) may be required to disclose the information provided
herein pursuant to the Securities Markets Act. The information was
submitted for publication at 08.00 a.m. March 17, 2008.
The Volvo Group is one of the world’s leading
manufacturers of trucks, buses and construction equipment, drive systems
for marine and industrial applications, aerospace components and
services. The Group also provides complete solutions for financing and
service. The Volvo Group, which employs about 100,000 people, has
production facilities in 19 countries and sells their products in more
than 180 markets. Annual sales of the Volvo Group amount to about SEK
285 billion. The Volvo Group is a publicly-held company headquartered in
Göteborg, Sweden. Volvo shares are listed on
OMX Nordic Exchange Stockholm.
This information was brought to you by Cision http://newsroom.cision.com