Volvo boosts truck output from 50 to 60 units per day
GREENSBORO, N.C. (April 9, 2002) — Volvo Trucks North America will increase production at its New River Valley assembly plant in southwestern Virginia from 50 to 60 units per day, citing dealer demand.
About 140 workers will be recalled to the plant after being laid off last year.
“It is too soon to be overly optimistic about the industry recovering,” cautioned Bill Dawson, senior vice-president of sales for Volvo Trucks North America. “However, current market drivers and dealers’ need for inventory have sparked a flurry of first quarter orders.”
Factors contributing to the improved order activity are a diminishing supply of quality used trucks, low dealer inventory, and early fleet purchases of replacement vehicles, Dawson said. He noted that higher order activity in advance of new emissions rules coming into force Oct. 1 is causing production slots to fill quickly.
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