The Volvo Group Annual Report 2001

Annual Report was published March 10 2002.

Large structural changes, business cycle management and extensive product renewal dominated the Volvo Group's activities during 2001.

It has been a challenging year during which we have taken difficult decisions that affected many employees. Despite this, we have implemented a strong renewal of the product portfolio and extensive restructuring measures that together strengthen Volvo's competitiveness. The Group has a sound structure with well-positioned business areas, which increases our ability to devote even greater energy to our brands, retailers and customers. We will capitalize on these strengths during 2002.