Further actions will be implemented, if necessary, |
In Volvo's most recent quarterly report we announced measures to adapt the level of Group costs, and since then signs of a weakening market have not declined, |
In Volvo's most recent quarterly report we announced measures to adapt the level of Group costs, and since then signs of a weakening market have not declined. |
now investigating the matter more closely to determine what has happened. |
The fourth-quarter results continued the trend from previous quarters, however the integration of the truck companies had a positive effect on earnings. |
The negative economic trends were reflected in the group's operating results, which were unsatisfactory throughout the entire year, |
There are those who are disappointed that the US market is seen flat next year, but based on a 25% increase this year, the US market simply can't grow any more. |
There is a growing interest in the market to reduce fuel consumption. This is driven by the uncertainty surrounding the physical and political availability of oil, and perhaps primarily, by climate change issues. Accordingly, many customers are seriously reviewing how they can contribute to reduce the dependency on oil. We now have a technology that is interesting from a commercial viewpoint, which opens up a hybrid power system market for heavy vehicles. |
There is a growing interest in the market to reduce fuel consumption. We now have a technology that is interesting from a commercial viewpoint . . . for a hybrid market for heavy vehicles. |
To place a bid on the table without Investor's consent is not meaningful, |
To place a bid on the table without Investor's consent is not meaningful. |
Trucks, construction equipment and buses are seriously affected by the sharp downturn in North America, ... The downturn could not be offset by strong performance elsewhere in the world. |
We are now investigating the matter more closely to determine what has happened, ... If it is confirmed that the accusations are valid and improper actions have occurred, we will naturally take actions. |
We did business with an authority in Iraq. The same authority tells our agent that you have to pay a fee to do any business at all, |
We drew the conclusion that this was the way to do business in Iraq, ... No one linked that to bribes. |