Thebrownblob
Well-Known Member
Where is @DriveInDriѵeOut ?
THE TRUMP 2024 THREAD
- Thread starter Wally
- Start date
BigUnionGuy
Got the T-Shirt
Mutineer
Well-Known Member
I would guess a significant life event occurred.
Maybe knocked up a crazybitch.
Or an angry fairy spit in his coffee and caught the monkeypox.
Doublestandards
Well-Known Member
Volvo to cut up to 800 US jobs as Trump's tariffs bite
NEW YORK, April 18 (Reuters) - Volvo Group plans to lay off as many as 800 workers at three U.S. facilities over the next three months due to market uncertainty and demand concerns in the face of President Donald Trump's tariffs, a spokesperson said on Friday.
Volvo Group North America said in a statement it has told employees it plans to lay off 550-800 people at its Mack Trucks site in Macungie, Pennsylvania, and two Volvo Group facilities in Dublin, Virginia, and Hagerstown, Maryland.
Trump has upended the global trading system that has been in place for over 75 years with a plan for tariffs on products from across the world. His vacillating trade policy has undermined consumer and business confidence, and caused economists to raise their forecasts for a U.S. recession.
Volvo Group's lay-offs are the latest response from a car and truck industry that is reeling from the Republican president's tariffs on certain parts, which is expected to increase the cost of manufacturing vehicles.
"Heavy-duty truck orders continue to be negatively affected by market uncertainty about freight rates and demand, possible regulatory changes, and the impact of tariffs," a spokesperson for Volvo Group North America said in an emailed statement.
DELACROIX
In the Spirit of Honore' Daumier
Swedish Company... Only 20,000 American workers...No indication of Union Membership...Possible "Management buy outs" ?...Maybe the true reason is that they cannot compete with our American made truck products, mission accomplished..
About Us | Mack Trucks
At Mack we build everything born ready for the toughest conditions so every trucker can rely on our superior craftsmanship to help get the job done.
www.macktrucks.com
“Founded in 1900 by Jack and Gus Mack in Brooklyn, NY, Mack trucks are now sold and serviced in nearly 30 countries worldwide. Mack is one of North America’s largest manufacturers of medium- and heavy-duty trucks as well as proprietary engines and transmissions.
You can count on our trucks and our people to handle any job and face whatever road lies ahead. We consider that expectation a privilege.”
They were bought out by Volvo in 2000.About Us | Mack Trucks
At Mack we build everything born ready for the toughest conditions so every trucker can rely on our superior craftsmanship to help get the job done.www.macktrucks.com
“Founded in 1900 by Jack and Gus Mack in Brooklyn, NY, Mack trucks are now sold and serviced in nearly 30 countries worldwide. Mack is one of North America’s largest manufacturers of medium- and heavy-duty trucks as well as proprietary engines and transmissions.
You can count on our trucks and our people to handle any job and face whatever road lies ahead. We consider that expectation a privilege.”
newfie
Well-Known Member
Volvo's business plan has been to move away from gas and diesel to electric. Reuters has completely misrepresented this move.
Yes, Volvo's business plan has shifted significantly away from diesel and toward electrification, though its approach has evolved in response to market conditions. Here's a concise overview based on available information:
- Diesel Phase-Out: Volvo ceased production of all diesel-powered models by early 2024, making it one of the first major automakers to fully phase out diesel. This decision was driven by changing consumer preferences, stricter emissions regulations, and a strategic focus on electrification to improve urban air quality and reduce environmental impact. In 2019, most Volvo cars sold in Europe were diesel-powered, but by 2023, over half of its European sales were electrified models.
- Electrification Goals: Volvo initially pledged to become a fully electric carmaker by 2030, aiming to sell only battery electric vehicles (BEVs) and phase out all internal combustion engine (ICE) vehicles, including hybrids. This ambition was announced in 2021 and supported by plans to launch one fully electric car annually through 2025, starting with the XC40 Recharge in 2019. By 2025, Volvo targeted 50% of its global sales to be fully electric, with the rest hybrids.
- Adjusted Strategy (2024): Due to slower-than-expected EV adoption, insufficient charging infrastructure, reduced government incentives, and tariffs on EVs (particularly from China), Volvo scaled back its 2030 EV-only target. It now aims for 90–100% of its global sales by 2030 to be electrified (fully electric or plug-in hybrids), with up to 10% potentially mild hybrids if market conditions require. Volvo expects 50–60% of sales to be electrified by 2025, with fully electric vehicles comprising 26% of sales in Q2 2024. Despite this adjustment, Volvo remains committed to becoming fully electric in the long term and achieving net-zero greenhouse gas emissions by 2040.
- Current EV Portfolio and Investments: Volvo has five fully electric models on the market (e.g., EX30, EX90) and five more in development. It has secured battery supply deals with LG Chem and CATL and is investing in online sales and simplified product offerings. Plug-in hybrids, like the XC60, remain popular, with about half of their driven kilometers on electric power. Volvo's EV strategy has proven profitable, with a 70% increase in fully electric car sales in 2023 (113,419 units) and a fourfold increase in EV gross profit margins in the second half of 2023 compared to 2022.
- External Challenges and Advocacy: Volvo emphasizes the need for stronger government policies to support EV adoption, citing issues like charging infrastructure gaps and trade tariffs. Its majority owner, Geely, faces challenges with tariffs on Chinese-made EVs in Europe and North America, impacting production costs.
- Volvo Trucks: Volvo Trucks is also advancing electromobility, with models like the VNR Electric and significant orders (e.g., 35 electric trucks to PreZero in 2025). It offers tools like total cost of ownership calculators and financing to support fleet transitions to zero-emission vehicles.
About Us | Mack Trucks
At Mack we build everything born ready for the toughest conditions so every trucker can rely on our superior craftsmanship to help get the job done.www.macktrucks.com
“Founded in 1900 by Jack and Gus Mack in Brooklyn, NY, Mack trucks are now sold and serviced in nearly 30 countries worldwide. Mack is one of North America’s largest manufacturers of medium- and heavy-duty trucks as well as proprietary engines and transmissions.
You can count on our trucks and our people to handle any job and face whatever road lies ahead. We consider that expectation a privilege.”
Yep. The foreign ownership probably isn’t what led to the layoffs. Heavy truck demand probably has dropped because of the tariffs.
newfie
Well-Known Member
volvo ended production of all diesel vehicles in early 2024
There are current diesel Mack truck models all over their website.
MyTripisCut
Tiyeeee-gyyyeah!
That stock market is raging! Plenty of manufacturing jobs will be here soon!
We’ll all be so glad that Trump did this for us.
newfie
Well-Known Member
Volvo Announces The End Of Diesel Cars At Climate Week NYC | Frisco, TX
Volvo is committed to fully electrifying its lineup by 2030 and has recently taken a major step toward achieving this goal. Read this article to learn more.
www.crestvolvocars.com
MyTripisCut
Tiyeeee-gyyyeah!
Honestly feel bad for anyone retired or was close to it.
