Volvo 2007 Annual Report Download - page 8
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Please find page 8 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.Group overview
RENAULT TRUCKS
CONSTRUCTION EQUIPMENT
VOLVO PENTA
VOLVO AERO
FINANCIAL SERVICES
VOLVO GROUP
Volvo Trucks manufactures medium-heavy to heavy trucks
for long-haul, regional transport, and construction oper-
ations.
Strong order intake in Europe, +53%, dealer network •
expansion
Challenges in the industrial system•
Decisions on investments for improved capacity and pro-•
ductivity in 2008 and 2009
Renault Trucks offers many types of vehicles from light
trucks for delivery to heavy trucks for long haulage.
Continued strong order intake •
Agreement in place with Karsan for production of •
Renault trucks in Turkey
Good industrial productivity•
Deliveries of machines up 70% •
Net sales rose by 27% •
Acquisition of Ingersoll Rand’s road development division •
Breakthrough in China through acquisition of Lingong•
Total market for marine engines slightly down •
Strong development for Industrial Engines•
Net sales rose by 9%•
Continued success for the innovative IPS drive •
system
Improved profi tability in the aftermarket •
Breakthrough for Volvo Aero’s light-weight tech-•
nology
The orderbook rose by 19% in value for the com-•
ponents operations
Stable development of the credit portfolio •
Good profi tability continues •
Volvo road machinery retail fi nancing started •
MACK TRUCKS
Deliveries down 49% •
New product program in place •
Positive customer reception of US’07 engine family •
Mack Trucks manufactures heavy-duty trucks primarily
for construction, refuse and and heavy regional trans-
ports.
NISSAN DIESEL
Deliveries down by 27% •
New emission regulation as of September 1, 2007 - market •
shares normalized
Integration work•
Nissan Diesel’s products range from medium-heavy to
heavy trucks used for long-haul, regional transport, and
construction operations.
Construction Equipment manufactures equipment for
construction applications and related industries.
Volvo Penta provides engines and power systems for
leisure and commercial craft, as well as for industrial
applications such as gensets and water pumps.
Volvo Aero offers advanced components for aircraft
engines and space applications with a focus on light-
weight technology for reduced fuel consumption. Services
for the aerospace industry are also offered.
Financial Services Conducts operations in customer
and dealer fi nancing.
BUSINESS AREAS SIGNIFICANT EVENTS
BUSES
Deliveries were down by 4% •
Volvo 9700 voted Bus of the Year 2008 in •
Europe
Buses has a product range comprising city and intercity
buses, coaches and chassis.
Net sales per market, % The Industrial operations’ net sales per business area, %
Western Europe 45%
Eastern Europe 10%
North America 18%
South America 6%
Asia 15%
Other markets 6%
Trucks 68%
Construction Equipment 19%
Buses 6%
Volvo Penta 4%
Volvo Aero 3%
VOLVO TRUCKS
4 A global group 2007