Further on the news that Stefan Jacoby is out at Volvo and that Hakan Samuelsson is in, the parties decided to forgo the face-saving explanation that the change was due to medical reasons. They confirmed that is was a boardroom brawl which Jacoby lost. In a press conference today, Volvo Vice-Chairman Hans-Olov Olsson said “that Jacoby’s illness had nothing to do with the decision to remove Jacoby,” Reuters says. (Read More…)
“Why would you even ask that question? Do you think the Chinese want to kill people on the road?”
Volvo CEO Stefan Jacoby after a reporter had asked him in Geneva whether Chinese ownership could hurt Volvo’s safety image.
From Automotive News [sub]
Stefan Jacoby, CEO of bought-by-Geely Volvo needs to bring down the cost of Volvo’s European-made cars.
So where will the new Volvo factories be? You have two tries.
China? Check. Volvo might actually open three factories in China, Stefan Jacoby said recently in Stockholm. Details should be forthcoming within the next weeks.
Ok, now for another country … (Read More…)
Stefan Jacoby, formerly chief of Volkswagen of America, took over the wheel at now Geely-owned Volvo. That answers the question raised a few weeks ago whether he still has the job. He does.
Jacoby moved with his whole family to the Hissingen district of Göteborg, Sweden. close to Volvo’s headquarters. That answers the lingering question whether Volvo will be dismantled and moved to some city in China nobody has ever heard of and nobody can spell. Not going to happen. At least not for the moment. Volvo will be managed from Sweden by a German who answers to Chinese owners. And who daydreams of a Bentley … (Read More…)
Volkswagen has grand plans for the U.S.A. Volkswagen wants to “increase sales and market share in 2010.” Ok, who doesn’t. Now, for the delusions of grandeur part: By 2018, Volkswagen wants to more than triple annual car sales in the U.S. to 1 million a year, with Audi accounting for 200,000 sales, reports the Wall Street Journal. Seen any flying pigs lately?
Why 2018? By 2018, Volkswagen wants to rule the world, and trounce Toyota in unit sales, profitability, customer satisfaction, innovation, and most likely size and quantity of cup-holders also.
Everybody in the company has to do his or her share for the grand plan.