New financial targets for AB Volvo
The Board of Directors of AB Volvo has decided to implement new financial targets for the Volvo Group starting in 2012. “Following the completion of the streamlining of the Volvo Group towards commercial vehicles and a number of acquisitions, the company now has the size and geographical footprint necessary to achieve long-term success,” states Chairman Louis Schweitzer. “While growth will remain important in the future, the Board is of the opinion that the prerequisites are now in place to also set new profitability targets for the company and its new CEO.” The new targets have been