Volvo 2007 Annual Report Download - page 11
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Please find page 11 of the 2007 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.fi nancing and its fi nancial infrastructure. Volvo
Treasury is also responsible for managing all
interest-bearing assets and liabilities and imple-
menting transactions in foreign currencies.
Volvo Group Real Estate’s overall assign-
ment is to provide commercial properties and
optimize synergistic effects in the real-estate
within the Volvo Group. The unit conducts
property management, the purchase and sale
of real estate, property rental, development of
the property portfolio and implementation of
investment projects.
Volvo Group NAP (Non-Automotive Pur-
chasing) is a global procurement organization
sourcing indirect goods and services for all
entities in the Volvo Group.
Group Issue Boards
The global organization of the Volvo Group,
with business areas that work closely with the
customer and business units that benefi t from
the synergies resulting from resource con-
centration, involves a number of strategically
signifi cant areas that are dealt with by special
Group-wide functions called Group Issue
Boards (GIB). GIB Technology coordinates all
research and development issues of a strategic
nature and of interest to the Group as a
whole. Analogous in their operation are GIB IT
and Process Management, GIB Finance and
Business Control, GIB Human Resources,
and GIB Communication.
The number of employees is 433.
Volvo Technology
Volvo Technology (VTEC) develops
new technology and new concepts
for “hard” and “soft” products and
processes in the transportation
and automotive industries. The pri-
mary customers are the Volvo
Group, Ford-owned Volvo Cars and
selected suppliers. VTEC also car-
ries out a few strategic programs
and expert functions related to
innovation and participates in
national and international research
programs involving universities,
research institutions and other
companies.
The number of employees is 1,069.
Volvo Logistics
Volvo Logistics develops and
provides transport and logistics
solutions to the automotive and
aerospace industries worldwide.
Its customers come from both
inside and outside the Volvo
Group. Volvo Logistics provides
customer-adapted services
throughout the logistics chain –
everything from the design of
complex logistics systems to
packaging, insurance and distribu-
tion solutions for fi nished
products.
Volvo Information
Technology
Volvo IT’s business concept is to
manage complex IT systems.
Volvo IT delivers solutions for all
segments of the industrial proc-
ess and provides unique exper-
tise in product lifecycle manage-
ment, SAP solutions and IT
operation. Its customers include
the Volvo Group, Ford-owned
Volvo Cars, and other large
industrial companies.
The number of employees is 5,017.
Real Estate
Business Services
Treasury
NAP
A global group 2007 7