Stroke sidelines Volvo Cars CEO Jacoby

Stefan Jacoby, the CEO of Volvo Cars, has suffered a stroke that has forced him to take a leave of absence from running the Swedish automaker.

Stroke sidelines Volvo Cars CEO Jacoby

According to Jacoby, 54, the stroke was “mild” but has nevertheless impaired his ability to move his right arm and leg.

“I was lucky that it was a mild stroke,” Jacoby said in a statement released on Sunday.

“Now I will focus on resting and exercising, in order to get back to work as soon as possible.

According to Volvo Cars’ spokesperson Per-Åke Fröberg, Jacoby suffered the stroke about a week ago.

“The doctors expect him to be back on the job in about a month,” Fröberg told the TT news agency.

He emphasized that Jacoby hasn’t suffered any additional symptoms stemming from the stroke.

“It’s limited to his ability to move, which we believe he’ll be able to recover fairly quickly through exercise,” Fröberg said.

The stroke means Jacoby will miss the upcoming auto show in Paris, which opens for the public on Satuday.

During the time that Jacoby recuperates, Volvo’s CFO Jan Gurander will act as CEO. Jacoby stressed as well that he will remain in “ongoing contact” with the automaker’s board and executive management team.

Jacoby, a German national, assumed the role of CEO in August 2010 when Volvo Cars was purchased by Chinese automaker Geely in August 2010 after having served as head of Volkswagen’s US operations.

TT/The Local/dl

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China derides Copenhagen democracy meet as ‘political farce’

China on Tuesday blasted a democracy conference in Copenhagen attended by Taiwan's president and a Hong Kong activist alongside Danish government officials this week, qualifying it a "political farce".

China derides Copenhagen democracy meet as 'political farce'
Demonstrators gathered outside the Copenhagen Democracy Summit on Tuesday. Photo: Emil Helms/Ritzau Scanpix

The Copenhagen Democracy Summit was held Monday and Tuesday in the Danish capital and organised by the Alliance of Democracies, an organisation targeted by Beijing sanctions in March and founded by former NATO boss Anders Fogh Rasmussen.

In addition to Taiwan’s President Tsai Ing-wen and Hong Kong democracy activist Nathan Law, Danish Foreign Minister Jeppe Kofod also participated in the forum by video link, which Beijing said violated “the one-China principle.”

“This summit is a political farce,” the Chinese embassy in Denmark wrote in a statement published on Tuesday. “Inviting those who advocate Taiwan and Hong Kong ‘independence’ to the meeting violates the one-China principle and interferes in China’s internal affairs,” it said.

“Some hypocritical western politicians are good at meddling in other countries’ internal affairs and creating divisions and confrontation in the name of ‘democracy’ and ‘freedom’. They are bound to fail,” it added.

At the conference on Monday, Kofod said it was “deplorable” that Beijing had imposed sanctions on 10 European individuals and organisations in response to EU sanctions on Xinjiang officials over their actions against the Uyghur Muslim minority.

Like most countries, Denmark applies the one-China principle — under which Beijing bars other countries from having simultaneous diplomatic relations with Taipei — though it does maintain relations with Taiwan.

Cut off politically from the rest of China since the end of the Chinese Civil War in 1949, the territory is self-governing but is not recognised by
the United Nations.

Beijing considers Taiwan a rebel province that will one day return under its control, by force if necessary.

China’s sabre-rattling has increased considerably over the past year, with fighter jets and nuclear-capable bombers breaching Taiwan’s air defence zone on a near-daily basis.

“Our government is fully aware of the threats to regional security, and is actively enhancing our national defence capabilities to protect our
democracy,” Tsai told the conference in a video address on Monday. US President Joe Biden is expected to present his China strategy soon, as
calls mount for him to publicly commit to defending Taiwan militarily in the event of a Chinese attack.