Car Leasing News

World’s second largest truck manufacturer Volvo would cut a further 1,543 jobs as it plans to curtail production due to sharp fall in demand across all main markets.
Volvo in a statement declared that employees working at Construction Equipment, Volvo Trucks, Powertrain and Penta units would be affected by this decision.
The company explained that sharp decline [...]

Tags: Volvo by Lee
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German state minister, Hendrik Hering’s claims that Fiat is likely to bid for the US car giant’s business in Europe, were downplayed by GM’s close sources.
However the rumour, confirmed by the minister, put Fiat alongside the Canadian automotive parts group, Magna International, as the foremost bidders for GM’s business which includes Vauxhall in the [...]

Tags: Fiat by Joey
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