Saturday, July 23, 2016

EU blunder: Mixed together with Volvo Volvo – Swedish Dagbladet

Besides the name, the two Volvo companies really have anything in common anymore. Photo: Björn Larsson Rosvall / TT and Magnus Hjalmarsson Neideman

Auto and Volvo and truck Volvo is completely separate companies for 17 years when the Volvo car division was sold to Ford and then to the Chinese Geely in 2010.

SvD Business can now reveal that Europe should have
had the best track of this went bet. EU Industry Commissioner Antonio Tajani would be October 15, 2013 a meeting with Volvo’s CEO. The topics were the company’s passenger and car industry problems. It was just that the Commission’s staff took the wrong Volvo CEO; they invited Olof Persson, president of Volvo, that “truck Volvo”, the meeting should have been held in Wolfsburg. According to the 24-page memo that industry commissioner ordered from his team for the meeting, and SvD taken note of.

AB Volvo has around 100 000. employees around the world and do exclusively heavy vehicles. It is the largest company listed on the Stockholm Stock Exchange.

Volvo Cars – ie “car Volvo” – produces passenger cars and has around 27,500 employees. The company was sold by the original company Volvo to Ford in 1999 and owned since 2010 by private Chinese company Geely. The two Volvo companies have been somewhat simplistic one thing in common today: the name Volvo.

The 24-page memorandum, , which therefore should give industry commissioner facts before meeting with Volvo’s CEO, deals exclusively with Volvo Cars; how the company was bought by Chinese Geely cars and industry challenges. But it begins with the facts about the “president and CEO Volvo – Olof Persson” with detailed and completely correct facts about Persson including a portrait, where truck-CEO smile.

In addition to the confusion when Tajani staff memorandum consistently refers to Volvo cars as “Volvo Group” – that is the name that truck Volvo uses internationally. Even “Volvo Trucks” is sometimes used.

At the time of the meeting, in autumn 2013, was in fact
Hakan Samuelsson, CEO of “car-Volvo”, that the company Volvo Cars over a year ago. Samuelsson was already high profile in the industry-Europe after having been CEO of the German truck manufacturer MAN between 2005 and 2009, and then one of Germany’s best-known business leaders.

But it did not help much.

When SvD Business on Thursday showed EU memorandum of Håkan Samuelsson in conjunction with Volvo Cars presentation of its quarterly report viewing his curiosity and laughs.

– Have they not observed that Volvo Cars not part of the Volvo anymore? We have no cooperation with Volvo, we’re completely separated very long time.

– They are well insulated down in Brussels, says Håkan Samuelsson, laughing.

Mr Tajani, today the Vice President of the European Parliament
writes in an email to the Svenska Dagbladet on Friday afternoon that he as industry commissioner had several meetings a day and that he did not remember the meeting. But he’ll call up notes from the Commission to provide clarity.

SvD Business has been in vain sought Olof Persson, who was fired from Volvo in April 2015. He was replaced by Matin Lundstedt .

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