Jorma Halonen, the deputy chief director of the Swedish auto maker Volvo Group, will soon give up his post as his April 2008 retirement draws near.

Halonen, who had been assigned to lead the development of the automotive company in Asia, had for a long while pondered on his responsibility as Volvo’s chief executive. “I have been considering my situation for some time and came to the conclusion that it is about time to slow my work pace,” Halonen expressed in a news report. “The past few years have been very intensive, involving many trips and time lags, which take their toll physically.”

Volvo Group Chief Executive Leif Johansson pointed out that Halonen, together with his team members, had been very effective in implementing negotiations with Nissan Diesel in Japan earlier this year. Halonen was also very helpful in settling matters regarding a joint venture deal Volvo recently entered with Indian auto maker Eicher Motors.

The scope of Volvo Group does not cover vehicles that were manufactured by Ford Motor Company.

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