Swedish car manufacturer Volvo needs help and is looking at the Belgian government for extra funding. Volvo operates a factory in the region of Flanders in Belgium and Kris Peeters, the Flemish Premier, is discussing with Stephen Odell, Volvo LogoCEO of Volvo, a possible loan amounting to $418 million.

The talks are expected to be done by this week before the elections in the region. If the loan will push through, experts are assuming restrictions on where the cash can be used. The loan guarantee is aimed at helping specifically the plant in Flanders.

The primary concern of the Flemish government is to preserve the employment of the workers. The business plan presented by Volvo will be studied under this light plus the possibilities of Volvo being acquired by other parties. The Premier will only agree to the loan if he can get long term commitments from Volvo and understand its long term plans.

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