Anders Hedin Invest AB, through its affiliated company Hedin Automotive AB, has signed an importer agreement with Ford for the Swedish market
Ford Werke GmbH, Ford Motor Company, Ltd and Anders Hedin Invest have entered into an agreement whereby Anders Hedin Invest AB is appointed as an Importer of Ford products and services in Sweden. In addition, the parties signed a MoU on the planned takeover of Ford’s National Sales Company in Sweden with Target date for completion of the transaction is August 1st, 2020 pending approval by the relevant authorities.
Gothenburg, March 4th, 2020
The automotive industry faces numerous trends and developments which will eventually have great impact on the mobility of individuals and the way they are used to purchase and use cars. This requires the automotive distribution to reconsider their value to customers and rethink their current business model. To find the right answer to these developments, automotive retailers are looking for new knowledge and complementary competencies. Anders Hedin Invest is in the forefront of technology and will positively contribute to the success of Ford products and services in Sweden.
- We started working with Ford in 2016 and have since then seen a steady growth of the brand within our portfolio. We are continuously investing in Ford and see a substantial potential for the brand in the Swedish market. The introduction of electrified cars and commercial vehicles will together with the well-established and professional dealer network increase Ford’s presence in the Swedish market says Anders Hedin, owner and CEO Hedin Automotive AB.
Anders Hedin Invest AB
For further information:
Anders Hedin, CEO Anders Hedin Invest AB, firstname.lastname@example.org
Michael Baumann, Exec. Director Communications and Public Affairs Ford of Europe, email@example.com
Background both companies
Hedin Automotive AB operations are one of the largest family-owned automotive groups in the Eurozone, offering full service for private and corporate customers since 1985. Financing, service and insurance are some of the components of the total offer. Hedin retails vehicles of 32 leading brand including passenger cars, commercial vehicles, and trucks. The company also offers car accessories, and tires and tire services; aftermarket and financing services; and insurance products. Hedin is represented in more than 125 locations with more than 3,600 employees in Sweden, Norway, Belgium, Switzerland and Germany and is headquartered in Mölndal, Sweden.
About Ford of Europe
Ford of Europe is responsible for producing, selling and servicing Ford brand vehicles in 50 individual markets and employs approximately 46,000 employees at its wholly owned facilities and consolidated joint ventures and approximately 61,000 people when unconsolidated businesses are included. In addition to Ford Motor Credit Company, Ford Europe operations include Ford Customer Service Division and 19 manufacturing facilities (12 wholly owned facilities and seven unconsolidated joint venture facilities). The first Ford cars were shipped to Europe in 1903 – the same year Ford Motor Company was founded. European production started in 1911.