Truck maker Volvo aims for profitability boost, takes charge

Newswire

STOCKHOLM, Sept 25 (Reuters) - World number two truck maker Volvo said on Tuesday it had set a strategic programme aimed at boosting profitability and cutting costs. It said in a statement that its 2013-2015 strategy included goals for an increase in vehicle gross profit margin per region of 3 percentage points, to reduce the actual standard cost of sales by 10 percent, to decrease wholesale selling expenses to 5 percent of sales and to reduce the research and development ...

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