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4/17, 9:11 AM (Source: TeleTrader)
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Volvo to reopen plants, restart production from April 20

Volvo Cars announced it will reopen its manufacturing plants on Monday, April 20, as well as its offices, both of which were closed due to the coronavirus.

"We have a responsibility towards our employees and our suppliers to restart operations now that the situation allows it. The best thing we can do to help society is to find ways to restart the company in a safe way, thereby safeguarding people’s health and their jobs," chief executive Hakan Samuelsson said in the press release.

The carmaker said the production in its plants will be adjusted to meet the current market demand.

Breaking the News / MD