Volvo: Termination of local assembly contract in Turkey - new range of Renault Trucks to be manufactured in France


renault

Sweden--August 20, 2013: The Volvo Group and the Turkish manufacturer Karsan have agreed to end the contract for local assembly of Renault Trucks for the Turkish market before the end of 2013. The termination will have a negative impact on the Volvo Group's operating income of approximately 95 MSEK in the third quarter of 2013.

The termination is made in connection with the change to the newly launched Renault Trucks range. There will be no Volvo Group investments to upgrade the Karsan manufacturing facility in Bursa to the new range. The new range will instead be manufactured in France. For the Volvo Group this will generate a positive long-term effect of better utilization of the existing truck plants, thus aligning and contributing to the group truck strategy of improved industrial performance and competitiveness.

The Volvo Group has more than 25 truck dealers and workshops in Turkey, as well as an aftermarket distribution center, serving the growing population of Renault and Volvo trucks.

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