The Volvo Group Annual Report 2003

Annual Report was published March 05 2004.

In recent years, we have implemented major changes in the organization to coordinate the new structure and have simultaneously renewed large segments of our product range. The result is a streamlined Group with considerably reduced costs and strong global market positions.

This report clearly shows the strengths and efforts of the more than 75,000 employees in the Volvo Group worldwide and their dedicated work to maintain and further strengthen the Group's strong presence in the world market.