In a move intended to save money and simplify its structure, Volvo AB has split its three truck brands into separate divisions. Volvo Trucks, Renault V.I. and Mack Trucks will become separate business areas, though they will report financially as Volvo Global Trucks, which becomes an external reporting group for the brands.
Although the companies will have independent marketing groups, a new division, Volvo 3P, will be responsible for product planning, purchasing and product development for all three.
Odile Desforges, president of Volvo 3P, will report to Lars-Gˆran Moberg, technical director of the Volvo Group executive committee. Tryggve Sthen, who was president of Volvo Global Trucks, will continue to serve on the Volvo Group executive committee.
Jorma Halonen, president of Volvo Trucks and chairman of Volvo Trucks North America, and Philippe Mellier, president of Renault V.I., will report directly to Leif Johansson and will be members of the Volvo Group executive committee. Michel Gigou, president of Volvo Trucks North America, will become chairman of Mack Trucks and a member of the Volvo Group executive committee, reporting to Leif Johansson. Paul Vikner, president of Mack Trucks, will report to Michel Gigou.
Customers in the U.S. are not expected to notice any changes in business patterns.