Volvo 2011 Annual Report Download - page 21

Download and view the complete annual report

Please find page 21 of the 2011 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.

Page out of 166

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166

I-shift to be produced in the U.S.
As a result of the strong demand for the Group’s auto-
mated mechanical transmissions, the company in June
announced that production of the Volvo I-Shift and Mack
mDRIVE gearboxes will start at its U.S. engine plant in
the third quarter of 2012.
Volvo Trucks introduced its I-Shift transmission on the
North American market in 2007. During 2011, 45% of
trucks with Volvo engines in North America were
equipped with I-Shift and customers continue to report
significant fuel economy improvements with the auto-
shift transmission. Since I-Shift is only available together
with Volvo engines, this also helps promote sales of the
company’s own engines. I-Shift incorporates a host of
fuel-saving and productivity-enhancing features into a
reliable, durable, and lightweight design.
The transmission is currently assembled in Köping, Swe-
den, and then sent to the US production plant in Hagers-
town, Maryland for adaptation to North American market
requirements. The company is now investing USD 7 M in
Hagerstown to build a new assembly line, install new
equipment and tooling, and train its employees. The
new assembly line is primarily intended to supply
the North American market.
Market development, heavy-duty trucks, North America
Thousands
1110090807
216142118185208
216
Market development, construction equipment, North America
Thousands
1110090807
1128268137173
112
Volvo Group in North America
• Net sales: SEK 60,560 M (47,922)
• Share of Group sales: 19%
• Number of employees: 15,427
• Share of Group employees: 16%
• Largest markets: USA, Canada and Mexico.
19.8%
Volvo Group’s market share in the heavy-duty
segment increased from 18.0% in 2010 to
in 2011
I-SHIFT
1717