Tuesday, October 4, 2011

Volvo Reshuffles Its Truck Business

"Volvo AB, the world’s second-largest producer of heavy-duty vehicles, appointed a new chief financial officer and said it will reorganize its truck business. The truck division, currently separated into the Volvo, Renault, Mack and UD brands, will now be organized into three geographic segments: North and South America; Europe, the Middle East and Africa; and Asia and the Pacific, the Gothenburg, Sweden-based company said in a statement. The changes will be made by Jan. 1, 2012."

Businessweek