There are those who are disappointed that the US market is seen flat next year, but based on a 25% increase this year, the US market simply can’t grow any more.

To place a bid on the table without Investor’s consent is not meaningful.

now investigating the matter more closely to determine what has happened.

In Volvo’s most recent quarterly report we announced measures to adapt the level of Group costs, and since then signs of a weakening market have not declined,

We did business with an authority in Iraq. The same authority tells our agent that you have to pay a fee to do any business at all,

There is a growing interest in the market to reduce fuel consumption. This is driven by the uncertainty surrounding the physical and political availability of oil, and perhaps primarily, by climate change issues. Accordingly, many...

The fourth-quarter results continued the trend from previous quarters, however the integration of the truck companies had a positive effect on earnings.

Trucks, construction equipment and buses are seriously affected by the sharp downturn in North America, … The downturn could not be offset by strong performance elsewhere in the world.

The negative economic trends were reflected in the group’s operating results, which were unsatisfactory throughout the entire year,

We will be forced to issue notices of termination, … The Group’s earnings capacity is insufficient and we must now take actions to ensure Volvo’s long-term competitiveness.

Within a few years we will show you a real vehicle that really works with hybrid technology for trucks and buses.

Further actions will be implemented, if necessary,

We are now investigating the matter more closely to determine what has happened, … If it is confirmed that the accusations are valid and improper actions have occurred, we will naturally take actions.

We simply had to make up our minds to do something bigger and better than what was before and that’s what we did,

We drew the conclusion that this was the way to do business in Iraq, … No one linked that to bribes.