"There is no doubt that we are in a tough period that will require a lot from everyone. However, the Volvo Group is one of the world's leading companies within an industry with major future possibilities.

We have a strong culture and strong brands, skilled employees and a strong commitment on all levels.

It will turn upwards one day but we cannot avoid making necessary but difficult decisions now."

Leif Johansson, President & CEO, Volvo Group

(June 2009)