Thursday, September 1, 2016

I believe a developed city is not a city where the poor have a chance to buy a car but the rich are using the public transportation

Said : Martin Lundstedt, president and CEO of Volvo Group in an interview with China Daily.

Swedish automobile conglomerate Volvo's CEO sees 'super opportunity' in China's e-commerce boom. He has been a believer of a fun workplace during his 24-year career in the commercial vehicle industry. Martin was unfazed despite the current downward pressure in China's economic growth. "We've a very thrilling vision about the future, for we are seeing very positive changes," he said in the interview.
Martin Lundstedt, president and CEO of Volvo Group. [Photo provided to China Daily]
According to Martin, the government's growing emphasis on green initiatives, sustainable development and innovation are all bringing great opportunities for his company. In China for more than 20 years, the manufacturer of vehicles, engines and construction equipment now hopes to better tap into the country's booming e-commerce business. 

For reading the edited excerpts from the interview, please click here.

Timothy Wingerter
According to Timothy Wingerter, who works at Quora, Volvo Cars, which has a global market share of only 1–2%, has been separate from its former Swedish parent company Volvo Group since 1999, and is now owned by a Chinese company. "Volvo Car Group (Volvo Cars) has been under the ownership of the Zhejiang Geely Holding (Geely Holding) of China since 2010. Volvo Cars formed part of the Swedish Volvo Group until 1999, when the company was bought by Ford Motor Company. In 2010, Volvo Cars was acquired by Geely Holding," he wrote on Quora.

Volvo Cars still has manufacturing facilities in Sweden and several other locations, including China. "Apart from the main car production plants in Gothenburg (Sweden) and Ghent (Belgium), Volvo Cars has since the 1930s manufactured engines in Skövde (Sweden). Production of body components has been located in Olofström (Sweden) since 1969. The company furthermore operates an assembly plant in Kuala Lumpur (Malaysia) and a research and development center in Copenhagen (Denmark). Finally, Volvo has design centers in Gothenburg (Sweden), Camarillo (USA) and Shanghai (China)", he added.

In the fourth quarter of 2013, Volvo Cars started serial production at its manufacturing plant in Chengdu, China. This plant produces Volvo cars for the Chinese and US markets. A second manufacturing plant in Daqing, China started production in the second half of 2014, while Volvo Cars also has an engine factory in Zhangjiakou, China. In the US, Volvo Cars is building a manufacturing facility in Berkeley County, South Carolina, which will become operational in the second half of 2018. This is Volvo Car Group.

Volvo Group (responsible for several operations including Mack Trucks, Volvo construction equipment, etc.) is a worldwide company, and is still Swedish.

At present there's only one Chinese-made car you can buy in the US.

Tuesday, June 21, 2016

"London is for the financial world what Madonna is for pop music"

Said : Chris Skinner, author, blogger and co-head of the Financial Services Club, a European financial industry network, in an interview with Martin Hesse for Spiegel in London. Martin describes Skinner "a man who can feel London's pulse." 
According to Skinner, London has reinvented itself over and over as a strong megacity as it posses all the required strengths : People speak English almost all over the planet, British law is acknowledged and applied in large parts of the industrialized world and London attracts talented, ambitious people. The city is both international and pragmatic.

Saturday, June 11, 2016

When you’re deciding whether to plunge into a marriage, don’t ever make the mistake of thinking you’re marrying the person your partner is going to become, once he or she finally grows up.

Matt Bai 
Yahoo News Columnist
Said : Matt Bai, National Political Columnist, Yahoo News, in his June 9 column "The black hole within Donald Trump." 

He said this in context with key Republican Party leaders endorsing Donald Trump for the Party nominated presidential candidate, who totally believed Trump when he promised “I can be more presidential than anybody. I can be a totally faithful husband. You wait." 

[When you’re deciding whether to plunge into a marriage, don’t ever make the mistake of thinking you’re marrying the person your partner is going to become, once he or she finally grows up or finds that perfect job or stops making meth in the basement. The only person you’re marrying is the one sitting right in front of you, and while some people do improve over time, only a fool would count on it.]

"On second thought, this advice probably comes too late for the Paul Ryans and Bob Corkers of the world, who were exactly this foolish when they wrapped their arms around Donald Trump and said: “I do.” But you know, they never asked," he added.

Commenting on Speaker Paul Ryan's refusal to un-endorse Trump, even after admitting that later's remarks about a Latino judge were racist, Matt wrote : "Deceived spouses always throw good money after bad. It’s hard to look in the mirror and admit you were had."

Thursday, June 9, 2016

"I’m with her, I’m fired up, and I can’t wait to get out there and campaign for Hillary."

Said : President Obama while offering his formal endorsement of Hillary Clinton

Wednesday, June 8, 2016

“Trump is not a policy-driven candidate. He is an attitude-driven candidate, and his attitude is pretty much belligerence.”

Said : Tom Steyer, founder of the California-based NextGen Climate advocacy group. 

According to yahoo news' digital editor, Dylan Stableford, in his post, Steyer was explaining what took him so long to endorse Hillary Clinton. 

“There is just a dramatic choice between these two presumptive candidates,” he said. “And it is really important that people rally around Secretary Clinton.”

Monday, June 6, 2016

“Elections are about people, they are not about policy. The biggest problem Hillary Clinton faces is, she’s the most famous person in the world who no one really knows”

Hillary Clinton speaks at a rally on June 6, 2016,
in Lynwood, Calif.(Photo: John Locher, AP)
Said : Mo Elleithee, who was Senior Spokesman and Travelling Press Secretary on Hillary Clinton’s 2008 campaign, as reported by USA Today.

Mo Elleithee is currently the founding Executive Director of Georgetown University’s Institute of Politics and Public Service, the first institute of its kind in the nation’s capital. A veteran of four presidential campaigns, Mo was Senior Spokesman and Traveling Press Secretary on Hillary Clinton’s 2008 campaign. He’s served as a senior communications strategist for numerous United States Senators, Governors, has worked on numerous other state-wide and local races in every region of the country.
Mo Elleithee

Elleithee, highlighting Hillary's presidential campaign, endorsed the observation that, unlike eight years ago, this time the approach included showcasing individuals other than herself in paid advertising. “The message was about her,” emphasizing her experience, he said. “It never matched what people were looking for. This time it’s about fighting for you, and that matches this moment.”

Friday, May 27, 2016

“As a part of the election debate many things will be said there, who ate what, who drank what, how can I respond to everything?”

Said : Prime Minister Narendra Modi in conversation with Wall Street Journal Editor-in-Chief Gerard Baker at the PM’s official residence in New Delhi on May 25, 2016.

Some other quotes of Narendra Modi appearing in the interview are :

  • I have actually undertaken the maximum reforms and I have an enormous task ahead for myself.
  • Today, unlike before, India is not standing in a corner.
  • Labor reform should not just mean in the interest of industry. Labor reform should also be in the interest of the laborer.
  • In any developing country in the world, both the public sector and the private sector have a very important role to play. You can’t suddenly get rid of the public sector, nor should you.
  • If we want to ensure the success of this interdependent world, I think countries need to cooperate, but at the same time we also need to ensure that there is respect for international norms and international rules.

According to the WSJ, Mr. Modi declined to comment on U.S. presidential hopeful Donald Trump's proposal to temporarily ban Muslims from the U.S. “These are issues of debate in the election. A government shouldn’t respond to that,” he said. “As a part of the election debate many things will be said there, who ate what, who drank what, how can I respond to everything?”

Full interview on WSJ