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Posted by pseudo_v (more from pseudo_v) on Thu, 3 May 2001 17:25:06
In Reply to: , Kok Chen, Sat, 17 Dec 1988 12:00:00

This is not directly about Saab, but a related auto manufacturer ;-
Be aware tht in Europe, Volva is more known as a truck maker, I don't know
their position in the auto market over there. But.....

I don't know if Volvo has a GM equivalent to bail them out.

<snip>

Volvo posts loss, cuts costs

Swedish truck maker plans hefty restructuring

STOCKHOLM, May Swedish truck maker Volvo, posting a large first-quarter
loss, said on Wednesday it was restructuring at the cost of more than four
billion crowns over three years to achieve large savings and boost
profitability.

THE ADAPTATION to a weakening business climate now has top
priority, Volvo Chief Executive Leif Johansson said in a statement.
We do not foresee any immediate recovery in North America, while
the decline in order bookings in Europe necessitates preparations for new
measures, he said

<snip>

See:
http://www.msnbc.com/news/567626.asp?0nm=C18U


Bob Sypek
'78 99 Turbo, sold at 149K for a ...
'86 900S, 297K, and next a .....
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