STOCKHOLM (AP) -- Volvo Cars says it will hire up to 1,200 workers within a year as it makes a major push to develop fuel efficient vehicles.
The company, wholly owned by China's Geely Holding Group, says most of the recruits will be research and development engineers working on improving fuel efficiency, including the electrification of cars.
Volvo Car Corp. on Tuesday described the move as one of its "biggest recruitment projects" to date.
During the financial crisis, Volvo slashed about 25 percent of its 25,000 work force. Currently, it has 19,500 employees worldwide, with 13,000 in Sweden.