Volvo Group Reorganizes by Truck Brands

The Volvo Group is reorganizing based on truck brand, a move the Sweden-based global truck and engine maker says “offers clearer commercial accountability” for the group’s various truck brands.

Four separate units will be created, effective March 1: Volvo Trucks, UD Trucks, Renault Trucks and Mack Trucks, each with profit and loss responsibility for their respective business.

“This is an important change in how we conduct our truck business, with an expanded mandate for our sales organizations to control and develop their businesses with an explicit responsibility for profitability and organic growth,” said Martin Lundstedt, president and CEO. “We will gain a simpler organization in which decisions are made more quickly and in closer cooperation with the customer. read more at truckinginfo.com