GOTHENBURG, Sweden – "The Volvo Group is as big and profitable as when we had cars," says Leif Johansson, president of AB Volvo. The $6.5 billion his company received from Ford Motor Co. now is invested in businesses with higher margins and earns more money than the car division did. "Profits from the car company ranged between zero and 1%," Johansson says. Leif Johansson AB Volvo reported pre-tax profits of SEK 1.31 billion ($141 million) for its second quarter (April-June) ...
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