Volvo 2001 Annual Report Download - page 36

Download and view the complete annual report

Please find page 36 of the 2001 Volvo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 116

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116

Global Trucks
The Volvo Group’s purchase of Mack Trucks
and Renault V.I. in January 2001 created
Europe’s largest – and the world’s second-
largest – producer of heavy trucks. The three
truck companies constitute an efficient unit,
with a substantial potential for profitable
growth. Combined, they can offer customers
a much broader product program and access
to a more comprehensive network than pre-
viously. Above all, the foundation is estab-
lished for aggressive development of new
trucks and services – including systems for
telematics and e-commerce solutions and
new forms of financing. Each of the three
brands will continue to develop its unique
characteristics.
Global presence
Mack, Renault and Volvo Trucks supplement
each other geographically as well as product-
wise. Volvo Trucks has strong positions in
Northern and Central Europe. Renault’s
most important markets are in Southern
Europe. More than 90% of Volvo Trucks’
production consists of heavy trucks, while
Renault’s lightweight and medium-heavy
trucks account for more than 40% of the
company’s sales.
In North America, the world’s largest
truck market, Mack and Volvo combined
have more than 20% of the market for heavy
(Class 8) trucks, Mack is a strong producer of
vehicles used in construction and regional
transports, while Volvo concentrates largely
on long-haul trucks.
Mack Trucks
Mack Trucks is one of the largest manu-
facturers of heavy-duty trucks and major
97 98 99 00 01
Net sales*, SEK bn
88.0 107.4 115.7 118.1 120.1
* Proforma 1997–2000, see note 2
97 98 99 00 01
Operating margin*, %
1.8 3.7 4.3 2.5 0.9
* Proforma 1997–2000, see note 2
Net sales as
percentage of
Volvo Group sales
67 %
97 98 99 00 01
Operating income*,
SEK bn
1.6 4.0 5.0 2.9 1.0
* Proforma 1997–2000, see note 2
product components in North America, with
a market share of 14.3% in the Class 8 seg-
ment in the US in 2001. Since its founding
in 1900, Mack has built on its reputation for
strength and durability to become one of the
leading heavy-duty truck brands in the
North American market.
In the US, Mack is the undisputed leader
in the vocational segment. In 2001, Mack
launched its Granite series of heavy trucks
intended for construction and vocational
applications and the medium-weight distri-
bution truck, Mack Freedom. In the high-
way-vehicle segment, the Mack Vision trac-
tor is designed for use in demanding long-
haul assignments, while the Mack CH model
fills the need for a product that can handle
heavy regional-distribution loads. A clear
majority of all Mack vehicles employ drive-
lines manufactured in-house – a unique fea-
ture in the North American truck industry.
Mack trucks are sold and serviced in more
than 45 countries. Mack also offers a wide
range of other services.
Renault Trucks
Renault Trucks is one of Europe’s largest
truck manufacturers. It traces its origin to
the Renault company that was founded in
1898 and which successfully integrated a
number of French truck manufacturers,
including BERLIET and SAVIEM. With a
product program that ranges from light
trucks for city distribution to heavy long-
haul trucks and military vehicles, Renault can
meet the specific requirements of all types of
road transports.
In 2001, Renault had 11.9% of the
European market for heavy (>16 tons)
trucks, and 17.1% of the market for medi-
um-heavy trucks between 10 and 16 tons.
Business areas
BUSINESS AREAS