Volvo In Buying Mode
AB Volvo will consider making major acquisitions as the industry moves toward increased global consolidation, Chief Executive Leif Johansson said. "We will, with great certainty, see continued consolidation in our industries," Johansson told shareholders at Volvo's annual meeting. "Our intention is to participate in such a change, to study potential acquisitions and areas of corporation."
Johansson did not specify what kind of acquisitions the company may consider, but Volvo is increasingly looking to Asia and particularly to
"The medium heavy truck segment is particularly interesting," Johansson said. "With a volume of 60,000 to 70,000 trucks, Dongseng is