Volvo 2013 Annual Report Download - page 73

Trucks Euro 6 range on June 11 was the fi rst
time that any manufacturer had ever renewed
its entire range at a single stroke. The Volvo
Group made an investment of approximately
EUR 2 billion over fi ve years in the project and
Renault Trucks carried out the most stringent
testing program of its entire history.
Volvo Trucks renewed its entire European
truck range and launched Euro 6
Since September 2012, Volvo Trucks has launched
fi ve new truck models. It all began in 2012 with the
launch of the new Volvo FH, followed in 2013 by
the introduction of the new Volvo FM, Volvo FMX,
Volvo FE and Volvo FL. All the new models include
innovations and features that make the driver’s job
easier and more effi cient. Volvo Trucks has also
introduced new trucks with Euro 6 engines rang-
ing from the smallest medium-duty 5-liter engine
to the heavy-duty 13-liter variant.
Volvo Group increased warranty reserves
On July 1, it was announced that the Volvo Group
would book an additional SEK 900 M in war-
ranty reserves, which impacted the operating
income negatively in the second quarter 2013.
The cost relates to legacy product quality issues
which are resolved in current truck production.
The cost was booked in the truck segment.
Termination of local assembly of Renault
Trucks in Turkey
On August 20, the Volvo Group and the Turkish
manufacturer Karsan agreed to end the con-
tract for local assembly of Renault Trucks for
the Turkish market before the end of 2013. The
termination had a negative impact on the Volvo
Group’s operating income of approximately
SEK 95 M in the third quarter of 2013. The ter-
mination was made in connection with the
change to the newly launched Renault Trucks
range, which instead is manufactured in France
also for the Turkish market.
Volvo Group took an important strategic
step with the launch of Quester
On August 26, UD Trucks launched Quester, an
all-new heavy-duty truck range developed spe-
cifi cally for growth markets. Quester addresses
new market segments in line with the Volvo
Group’s truck strategy to increase sales by cap-
turing profi table growth opportunities in fast
growing markets across Asia Pacifi c and other
regions. Production of Quester started in the
third quarter of 2013 in Bangkok, Thailand.
Besides serving the domestic market, the plant
in Thailand will also serve as an export hub for
South East Asia and beyond. In the near future,
the range is also intended to be manufactured
in China for the Chinese market and later on
also in India.
The Volvo Group ranked as one of the
world’s most sustainable companies
On September 16 it was announced that the
Volvo Group once again qualifi es for the Dow
Jones Sustainability World Index (DJSI). The
Volvo Group received a particularly good rating
for its implementation of the environmental pol-
icy and management systems.
The Volvo Group announced
comprehensive effi ciency program
linked to the strategy
On September 24 it was announced that the
Volvo Group had decided to combine a number
of actions into a Group-wide effi ciency program.
The program encompasses both reduction of
white collar employees and consultants and
effi ciency enhancements in the global indus-
trial system. It is estimated that the program will
entail restructuring costs totaling approximately
THE SECOND QUARTER
04/04/2013 Annual General Meeting of AB Volvo 04/04/2013 Volvo Technology Award for fuel-saving “autopilot” for trucks 15/04/2013 Invitation to press and tele conference
in Stockholm 16/04/2013 New Volvo FMX centre of attention at Bauma Fair 18/04/2013 New President at Volvo Buses 25/04/2013 Volvo Group – the fi rst quarter 2013
30/04/2013 New number of votes in AB Volvo 30/04/2013 Annual Report of Volvo Treasury AB (publ) 14/05/2013 The new Volvo FE and Volvo FL – optimised for city and
suburban deliveries 16/05/2013 Volvo Trucks has renewed its entire European truck range in eight months 17/05/2013 Truck deliveries in April 2013 28/05/2013 Volvo Trucks
presents its Euro 6 offer 07/06/2013 Volvo Trucks to Commercialize DME-Powered Vehicles for North America 11/06/2013 WirelessCar has been honoured with 2 awards at
Telematics Update Detroit 12/06/2013 New Renault Trucks Range: Centres of profi t serving customers’ businesses 17/06/2013 Truck deliveries in May 2013 17/06/2013 Volvo
launches noiseless electric buses in Gothenburg 28/06/2013 New number of votes in AB Volvo
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