Volvo Group announces new trucks strategy to achieve targeted profitability improvement
The new strategy is an important step for the Group towards achieving the objective to improve the operating margin by 3 percentage points. The strategy will be presented in more detail at today’s Capital Market Day. The Volvo Group also announces that it will take approximately SEK 600 M of restructuring charges in the third quarter 2012 related to a cost reduction program in Japan and the ending of production of UD trucks for the US market.“With a strong portfolio of brands, a highly competitive product offering and a new organizational structure in place, we are in a position to deliver