|[May 04, 2012]
AB Volvo to Finance Studies at Chalmers University of Technology for Young People from India and China
GÖTEBORG, Sweden --(Business Wire)--
To secure its competence sourcing, AB Volvo (STO:VOLVA) (STO:VOLVB) is
entering into a new partnership with selected universities in such
countries as China, France and Sweden. The initiative in Sweden
encompasses a scholarship program, among other aspects. Every year, AB
Volvo will pay for tuition at Chalmers University of Technology for four
new Master's students from China and India.
The scholarships from AB Volvo will cover tuition fees for a two-year
Master's program in automotive engineering, electric power engineering,
computer systems and networks or software engineering. In addition to
financial support, AB Volvo will maintain close contact with the
students during their time at Chalmers University of Technology by, for
example, offering summer internships, thesis work and mentorship.
"The Volvo Group has operations in 190 countries. We must be able to
recruit skilled employees from diverse backgrounds. Furthermore, we want
to contribute to an international academic environment, which we believe
benefits everyone," says Kerstin Renard, Executive Vice President
Corporate HR at AB Volvo.
The scholarships are part of the Group's Academic Partner Program, which
is an overriding program for partnerships with universities and colleges
in terms of research ad recruitment. Within the framework of this
program, AB Volvo is now appointing Preferred Talent Partners among
leading universities worldwide. AB Volvo already has agreements with the
Chinese universities of Tsinghua and Tongji, and with EMLYON and INSA
Lyon in France. The agreement with Chalmers University of Technology was
signed at a ceremony at Chalmers on May 4. Chalmers and Volvo already
have a corresponding agreement for research collaboration.
"By establishing a long-term partnership with renowned universities, we
will become even more proficient at identifying and attracting promising
talents. In 2012, we will offer internships, work on a network of
ambassadors and hold discussions with students," says Kerstin Renard.
May 4, 2012
For more stories from the Volvo Group, please visit http://www.volvogroup.com/globalnews.
The Volvo Group is one of the world's leading manufacturers of trucks,
buses and construction equipment, drive systems for marine and
industrial applications and aerospace components. The Group also
provides complete solutions for financing and service. The Volvo Group,
which employs about 115,000 people, has production facilities in 20
countries and sells their products in more than 190 markets. In 2011
annual sales of the Volvo Group amounted to about SEK 310 billion. The
Volvo Group is a publicly-held company headquartered in Göteborg,
Sweden. Volvo shares are listed on OMX Nordic Exchange Stockholm. For
more information, please visit www.volvogroup.com
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