Volvo to close Europe bus body plant
Christian Fernsby ▼ | March 21, 2023
Volvo Buses said it had changed its Europe business model and consequently decided to close its body building factory in Wroclaw, Poland in 2024.Article continues below
It would now “apply the same successful model as it has on several other markets” to focus on production of bus chassis on which external companies will build city and intercity buses and premium segment, long distance coaches, Volvo Buses said in a statement.
The factory in Wroclaw would close during the first quarter of 2024.
“Volvo Buses has signed a letter of intent regarding the divestment of its premises to Vargas Holding,” the statement added.
“A restructuring provision of SEK1.3bn will negatively impact operating income in the first quarter of 2023.”
“Our business in Europe has been loss making for years. With this business model, that we already today apply successfully in many markets, we will improve profitability and secure our long term competitiveness,” said company president Anna Westerberg. ■ What to read next
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