Second quarter 2004
During the second quarter, growth in the global economy strengthened. Volvo's new product programs continued to be successful during the upturn and are in strong demand among customers. We increased market shares in several segments. As a result of the strong increase in sales and favorable order bookings, capacity utilization in the Group's production plants is high.
During the second quarter, the last step was taken in the divestment of the holding of Scania A series shares. This took place through the introduction of Ainax on the Stock Exchange.