Profitable growth with continued focus on costs

The long-term improvement program, which displayed favorable results on profitability in 2010, as well as on cost and capital efficiency, continues. To improve profitability in 2011, the focus will be on profitable growth and continued cost reduction. Capacity increases will be implemented in South America, Mexico, North America and India.

In April, it was announced that Volvo Buses’ together with its joint-venture partner SAIC will invest in a new development center for the installation of drivelines for hybrid and electric buses in China.