March 30, 2011
Volvo Trucks North America says that in response to increased demand, the company will ramp up production at its New River Valley, Va., plant, and recall about 700 employees. Volvo made the announcement on March 30.
“Customer response to our products — particularly the fuel-efficiency and performance of Volvo’s new near-zero emission engines — continues to be extremely positive,” said Ron Huibers, senior vice president – sales and marketing, in written statement. “Combined with the improving economy, this response is helping us continue the momentum we established with our 2010 market share increase.”
The ramp-up — which includes adding a second shift — and associated recalls will take place in several stages between May 2 and June 13. Current employment at the plant is just under 1,500.
Volvo Trucks increased its combined U.S. and Canadian retail sales volume 46 percent in 2010, and increased its market share two points to 9.6 percent. Through February, the company’s retail sales were up 47 percent versus the same period last year, and its year-to-date market share was up 1.6 points, to 10.9 percent.