Volvo unveils proprietary medium-heavy engine
At Volvo’s Capital Market Day in Eskilstuna, Sweden, on Tuesday, the Volvo Group CEO, Leif Johansson, announced that the Group had developed its own medium-heavy engine for trucks and buses scheduled for launch in 2010. Leif Johansson also said that the focus of the next few years will be on internal efficiency. Furthermore, he stated that the sales trend in trucks has continued to weaken in the second quarter, something that can also be discerned from the truck delivery figures presented by the Group in the spring. Since the Group is endeavoring to reduce its inventory of new products, capacity utilization in manufacturing is generally at very low levels in the plants.