SAO PAULO – Volvo do Brasil Veiculos Ltd. managed to reduce its costs 10% in 2001 as it generated $490 million in revenues, a 9.2% jump over like-2000. Volvo do Brasil President Peter Karlsten says the auto maker has been "trying to concentrate efforts on our core business – producing trucks and buses." The company was so successful last year that it distributed its largest-ever profit sharing bonus to its workers – which equaled 1.5 to three times the average worker's salary. The auto ...
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