Third quarter 2001
The difficult market conditions resulted in unsatisfactory profitability for the Group. However, despite the weak earnings trend, our efforts to improve cash flow showed results, and the Group reported positive cash flow for the period. In order to strengthen Volvo's profitability and earnings potential, a number of actions are now being taken in all parts of the organization. These actions are intended to adapt costs to lower demand and to improve the company's commercial and industrial structure.