Volvo 2008 Annual Report Download - page 3

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The Volvo Group
The Volvo Group is one of the leading suppliers of commer-
cial transport solutions providing products such as trucks,
buses, construction equipment, drive systems for marine
and industrial applications as well as aircraft engine com-
ponents. The Volvo Group also offers its customers finan-
cial services.
The Group has about 100,000 employees, production
facil ities in 19 countries, and sales activities in some 180
countries.
Net sales, SEK bn
South America
Strategy
The Volvo Group’s strategy is based on customers’ requirements
and focused on profitable growth, product renewal and internal
efficiency. Ë&
10
08
00
20.34.7
(5%)
67%
6%
18%
4%
2%
3%
77%
0%
11%
6%
2%
9%
Trucks
Buses
Construction Equipment
Volvo Penta
Volvo Aero
Financial Services
Other
Share of Group’s net sales Share of Group’s operating income
North America
08
00
48.538.2
Renault Trucks Mack TrucksVolvo Trucks
Volvo Information Technology
Volvo Group Real Estate – Volvo Business Services
Volvo Technology
Volvo Logistics
Volvo Parts
Volvo Powertrain
Volvo 3P
Organization
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 efficiently utilize Group-wide
resources. Ë&
6