Volvo 2008 Annual Report Download - page 10

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Organized to drive synergies
Volvo Trucks
manufactures medium-
heavy to heavy trucks
for long-haul, regional
transport, and construc-
tion operations.
Number of employees:
20,472
Renault Trucks
offers many types of
vehicles from light
trucks for delivery to
heavy trucks for long
haulage.
Number of employees:
10,100
Mack Trucks
manufactures heavy-
duty trucks primarily for
construction, refuse and
and heavy regional
transports.
Number of employees:
2,663
Nissan Diesel
Nissan Diesel’s products
range from medium-
heavy to heavy trucks
used for long-haul,
regional transport, and
construction operations.
Number of employees:
7,817
Business Areas
The Volvo Group is organized
in product-related business
areas and supporting business
units. This organization permits
companies to work closely with
their customers and effi ciently
utilize Group-wide resources.
Approximately 70% of the
Group’s 101,400 employees
work in the eight product-
related business areas.
Business Units
The business units are organ-
ized globally and combine
expertise in key areas. They
have the overall responsibility for
product planning and purchas-
ing, and for developing and
delivering components, subsys-
tems, services, and service and
support to the Group’s business
areas. The structure creates
economies of scale in product
development, production, parts
supply, logistics, administration
and support functions.
Volvo Business Services pro-
vides administrative services to
Volvo Group companies.
Volvo Group Real Estate con-
ducts property management
and development.
There are further units with
clear responsibilities. Volvo
Technology Transfer focuses on
strengthening the Volvo Group’s
relationship to new technology
or new services by investing in
companies with projects of tech-
nical and commercial interest.
Volvo Treasury, the in-house
bank of the Volvo Group,
coordinates the Group’s global
fi nancing. Volvo Treasury is also
responsible for managing all
interest-bearing assets and
liabilities.
Volvo Group NAP (Non-Auto-
motive Purchasing) is a global
procurement organization
sourcing indirect goods and
services.
Volvo 3P
Volvo 3P is responsible for product planning, product development and purchasing
for the Group’s truck companies. Product planning involves having the right prod-
ucts over the longer term. Product development focuses on chassis, cabins and
electrical systems. In purchasing, Volvo 3P offers signifi cant size and negotiating
strength. Number of employees: 4,057
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 distribution solutions for fi nished
products. Number of employees: 1,185
Volvo Powertrain
Volvo Powertrain coordinates the Volvo Group driveline operations and is respon-
sible for the development and manufacturing of heavy diesel engines, gearbox and
driveshafts. Volvo Powertrain is also responsible for ensuring that the Volvo Group
is supplied with drivelines for medium-heavy applications. The Volvo Group has
common engine platforms that fulfi ll the latest environmental requirements, a
more focused research and development program, more effi cient production and a
more focused supplier structure. Number of employees: 9,181
Volvo Technology
Volvo Technology (VTEC) develops new technology and new concepts for “hard”
and “soft” products and processes in the transportation and automotive indus-
tries. The primary customers are the Volvo Group, Ford-owned Volvo Cars and
selected suppliers. VTEC also carries 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 com-
panies. Number of employees: 431
Volvo Parts
Volvo Parts provides services and tools for the aftermarket. The services start with
the suppliers and proceed via the dealers all the way to the end-customers. This
entails planning, purchasing, shipping and storing parts, as well as inventory man-
agement, order management, and tools and services for the aftermarket.
Number of employees: 4,175
Volvo Information
Technology
Volvo IT’s business concept is to manage complex IT systems. Volvo IT delivers
solutions for all segments of the industrial process and provides unique expertise
in product lifecycle management, SAP solutions and IT operation. Its customers
include the Volvo Group, Ford-owned Volvo Cars, and other large industrial compa-
nies. Number of employees: 5,326
Volvo Group Real Estate, Volvo Business Services
A global group 2008
6