Volvo AB : CMD feedback: a new commercial offensive
>A new strategic plan centered around commercial conquest - Yesterday afternoon, Volvo held a CMD dedicated to medium-term strategic themes (commercial, technological, business model). Specifically, we note an aggressive commercial strategy underpinned by product/capacity expansion, culminating in a new goal to increase North American truck market share from ~15% currently to 25% by 2030. On the financial front, the group unsurprisingly confirmed its aim to continue t...Volvo is a manufacturer of trucks, buses, construction equipment and marine and industrial engines. Co.'s activities are organized into six areas: Group Trucks, which sells and markets trucks under Eicher, Mack, Renault Trucks, UD Trucks and Volvo brands; Construction Equipment, which includes equipment for construction and related industries; Buses, which includes buses and bus chassis for city, intercity and coach traffic; Volvo Penta, which manufactures engines and drive systems for boats and commercial craft; Governmental Sales, which manufactures special-purpose vehicles; and Volvo Financial Services, providing customer financing and leasing, dealer financing and fee based products.
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