Volvo 2007 Annual Report Download - page 3

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Production facilities North America South America
Volvo Trucks New River Valley (US) Curitiba (BR)
Renault Trucks
Nissan Diesel
Mack Trucks Macungie, New River Valley (US) Las Tejerias (VE)
Construction Equipment Asheville (US), Goderich (CA), Shippensburg (US) Pederneiras (BR)
Buses St Claire, St Eustache (CA), Mexico City (MX) Curitiba (BR)
Volvo Penta Lexington (US)
Volvo Aero Boca Raton, Newington (US)
Volvo Powertrain Hagerstown (US) Curitiba (BR)
07
00
15.64.7
South America, SEK bn
07
00
49.438.2
North America, SEK bn
The Volvo Group’s products ...
Volvo Penta is best known for its marine engines.
But Volvo Penta’s industrial engines are also used
worldwide, for example in forklift and warehouse
trucks.
... transport ...
Volvo Trucks is an important part of the distribution
network in Brazil and other parts of South America.
Volvo Group customers are active in more than
180 countries worldwide, mainly in Europe,
Asia and North America. Group sales of pro-
ducts and services are conducted through
wholly owned and independent dealers. The
global service network handles customer
demand for spare parts and other services.
During 2007, the Group’s workforce rose to
about 100,000 employees. The majority of
employees are based in Sweden, France,
Japan, the US, China, Brazil and South
Korea.
A key feature of the Volvo Group’s growth
strategy is to increase its presence in emer-
ging markets, primarily in Asia and Eastern
Europe. During 2007, the Group increased its
sales in Eastern Europe by 69%. In 2007,
Volvo implemented investments in Japan,
China and India. These investments provide a
platform for increased sales.
A global group