China's Geely has big plans for its Volvo brand, with a goal of reaching 800,000 global sales per year by 2020 or sooner. To accomplish that feat, the automaker will need to bolster its factories and hire more workers, and Automotive News reports the Swedish automaker plans to do just that.
Volvo has announced that it plans to add 1,200 workers in Europe to help satiate an expected jump in demand. A staggering 900 of those jobs will be of the engineering variety, bolstering the staff of the automaker's research and development center in Sweden. Another 200 will fill spots at the automaker's Ghent, Belgium factory, while the remaining 100 jobs will fill various other positions. Volvo is also looking to build vehicles in China to continue sales growth.
Volvo CEO Stefan Jacoby says of the move, "We are investing in our future. It means that we have to work hard to continue to be cost competitive ... our cars are selling very well globally." Jacoby points out that the automaker is already experiencing "significantly" stronger sales than in 2010, with the XC60 crossover leading the charge.
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[Source: Automotive News – sub. req.]