Volvo 2011 Annual Report Download - page 3

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VOLVO GROUP
The Volvo Group is one of the world’s leading manufacturers of trucks, buses,
construction equipment, drive systems for marine and industrial applications and
aerospace components. The Volvo Group also provides complete solutions for
financing and service. The Group has about 100,000 employees, production
facilities in 20 countries and sales in more than 190 markets.
Global strength
Since the streamlining towards commercial vehicles was initiated more than ten
years ago, the Volvo Group has grown into one of the world’s largest manufac-
turers of heavy-duty trucks, buses and construction equipment and is today also
a leading manufacturer of heavy-duty diesel engines, marine and industrial
engines as well as engine components for the aerospace industry.
More information. 10
Europe, 39%
North America, 19%
South America, 11%
Asia, 24%
Rest of the world, 7%
Share of Group’s net sales by geographyShare of Group’s net sales
Trucks 64%
Construction Equipment 21%
Buses 7%
Volvo Penta 3%
Volvo Aero 2%
Customer Finance 3%
Strong brands
By selling products under different brands, the Group can address many different customer and
market segments in mature as well as growth markets.
More information. 38
North America
+575
2011
2000
60.640.7
+49%