Volvo AB CEO Leif Johansson says his plan to save SK3.5 billion ($338 million) by the end of 2003 from the integration of Renault SA’s truck unit and Mack Trucks Inc. into Volvo is "on track." Volvo purchased Renault RVI and Mack two years ago, making it the No.2 truck maker in the world. Volvo says working with its suppliers and cutting administrative costs helped it saved SK1.1 billion ($106.6 million) last year. Volvo also says it’s considering Asian acquisitions due to the lack of ...
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