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9.7.08

BUSMAKERS' NEWS * Finland - Volvo Buses to sell Turku plant

Volvo Buses has signed a letter of intent covering the sale of the body plant in

Turku,Finland -Automotive Business Review -4 July 2008: -- The plant in Turku produces bodies for the Volvo 9700 model. The Turku plant is claimed to be the smallest plant within Volvo Buses, primarily producing for the Nordic markets... The buyer consists of a group of private Finnish investors and managers from Volvo Buses in Finland... Volvo has determined that it is more efficient to sell the plant and purchase bodies from the new owner. In accordance with the letter of intent, the new owner will also continue to, under license, produce the Volvo 9700 for Nordic customers...

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