Volvo 2008 Annual Report Download - page 54

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Volvo Trucks manufactures, sells and services medium-
heavy to heavy trucks for long-haul, regional transport,
and construction 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 trans-
ports.
Number of employees: 2,663
Nissan Diesel’s products range from medium-heavy to
heavy trucks used for long-haul, regional transport, and con-
struction operations.
Number of employees: 7,817
In total, the Volvo Group is Europe’s largest and the
world’s second largest manufacturer of heavy trucks.
Business areas Position on world market
Business area overview
VOLVO TRUCKS
RENAULT TRUCKS
NISSAN DIESEL
Volvo Penta provides engines and power systems for
leisure and commercial craft, as well as for industrial
applications such as gensets and water pumps.
Number of employees: 1,595
Volvo Aero offers advanced components for aircraft
engines and space applications with a focus on light-
weight technology for reduced fuel consumption. Ser-
vices for the aerospace industry are also offered.
Number of employees: 3,262
Volvo Penta is the world’s largest producer of diesel
engines for leisure boats and a leading, independent
producer of industrial engines.
Volvo Aero holds a leading position as an independent
producer, with engine components in about 90% of all
large commercial aircraft delivered in 2008.
Construction Equipment manufactures equipment
for construction applications and related industries.
Number of employees: 16,460
Volvo CE is the world’s largest manufacturer of articu-
lated haulers and wheel loaders, and one of the world’s
largest manufacturers of excavation equipment, road
development machines and compact construction
equipment.
CONSTRUCTION EQUIPMENT
VOLVO PENTA
VOLVO AERO
Buses has a product range comprising city and intercity
buses, coaches and chassis.
Number of employees: 8,019
The business area is one of the world’s largest pro-
ducers of buses.
BUSES
MACK TRUCKS
Financial Services cooperates closely with the other busi-
ness areas to strengthen the Group’s competitiveness.
Financial Services Conducts operations in customer
and dealer fi nancing.
Number of employees: 1,290
FINANCIAL SERVICES
Business areas 2008
50