Volvo 2000 Annual Report Download - page 2

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Contents
2Business areas in 2000
4Comments by
the Chief Executive Officer
6Fundamental changes
in transport industry
8The acquisition of Mack
and Renault V.I.
10 Volvo in the new millennium
11 Financial goals
12 Volvo as a multi-brand company
14 The Volvo share
16 Multicultural competence
Board of Directors’ report
18 The Volvo Group in 2000
19 The business environment
20 Financial performance
23 Financial position
24 Cash flow statement
26 Trucks
30 Buses
33 Construction Equipment
36 Marine and Industrial Power Systems
39 Aero
42 Financial Services
44 Research and development
46 Environmental impact
47 Volvo’s use of information technology
48 Volvo and the euro
50 Consolidated income statements
51 Consolidated balance sheets
52 Consolidated cash flow statements
53 Notes to consolidated
financial statements
80 Parent Company AB Volvo
92 Proposed disposition of
unappropriated earnings
93 Auditors’ report for AB Volvo
94 Group Management
96 Board of Directors and Auditors
98 Eleven-year summary
Production sites
Definitions and Reader’s guide
Annual General Meeting,
Volvo’s Nominating Committee
and Publication dates
Product renewal
Aero made investments in engine
alliance programs for commercial aero
engines (GE90), military engines (F414)
and components for space propulsion.
Volvo Aero also signed an agreement for
gas turbines.
Marine and Industrial Power
Systems broadened its customer
range strongly during the year. Through
cooperation with Mitsubishi the com-
mercial marine product range was
extended to include diesel engines in
the 25-65 liter range. The year also
included the introduction of two 5-liter
and two 7-liter engines, as well as the
12-liter, D12 engine.
Construction Equipment introduced
two new articulated haulers, the A35D
and the A40D, and a new generation of
wheel loaders during the year. A new
range of excavators and motor graders
was launched, and the product range
was expanded within compact equip-
ment.
Buses launched a new global product
program for coaches and intercity buses
based on a modular platform. The first
bus based on the new platform is the
Volvo 8500
Trucks launched a new medium-heavy
truck in Europe, the Volvo FL, and a new
series of vocational trucks in the U.S., the
Volvo VHD. An updated version of
Dynafleet 2.0, transport planning soft-
ware, was also introduced during the
year.