The Volvo Group Annual Report 2008

In every respect, 2008 was a year of extremes. From record sales and earnings during the first half of the year to a weak close, with losses in the fourth quarter. From 12-month delivery times for trucks and problems with bottlenecks in production to weak order bookings, a large number of cancellations and shutdown days in our plants during the latter part of the year.
- Leif Johansson, CEO