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The Swedish Volvo for long has been the forerunner in safety research. Its vehicles have unbelievable crash test scores to prove it. Recently, this brand that improved its offerings by designing vehicle that offers generous amounts of performance and style. The AB Volvo, the Swedish builder of commercial vehicles which includes the buses, trucks, and construction equipment. Apart from this, it also supplies aerospace components, marine and industrial drive systems, and financial services.
Although, this company was incorporated in 1927, it was first the subsidiary of AB SKF who was a Swedish ball bearing manufacturer. Recently, the Volvo group has restructured its truck business and has launched a new organization. It is important that this new organization utilizes the global potential of products and brands within the truck operations. For example, it is good to organize the sales and the marketing division of all the truck companies under 3 regional organizational units, and everything comes under the direct supervision of the CEO.