Volvo Group customers are active in more than 180 countries worldwide, mainly in Europe and North America as well as to a considerable extent in Asia. Group sales of products and services are conducted through wholly owned and independent dealers. The global service network handles customer demand for spare parts and other services.

The Group’s structure enables it to leverage economies
of scale in several areas, such as product development, production, spare parts supply and logistics, as well as in administration and support functions.

During 2006, the Group’s workforce rose to more than 90,000 employees in 58 countries. The majority of employees are based in Sweden, France and the US and Volvo Group’s sales increased to nearly SEK 250 billion.

A key feature of the Volvo Group’s growth strategy is to increase its presence in emerging markets, primarily in Asia and Eastern Europe. During 2006, the Group increased its sales in Eastern Europe by 41%. Volvo implemented investments in Asia during 2006 in Japan and China. These provided a platform for increased sales and in the long term are expected to contribute to the Group’s growth target.