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The world’s second-largest truckmaker (behind Daimler) saw revenue drop by a fifth last year. Yet thanks to strict cost discipline, it managed an impressive 8.4% adjusted operating margin. And with global transport and construction rebounding, Volvo registered a historically high operating margin of 12.6% in the first quarter of 2021. To address climate issues, the group announced in November a complete range of electric trucks and inked a deal in April to build fuel cell trucks jointly with Daimler by as early as 2025.
Lists ranking Volvo
Global 500 - 2021Total revenue for the world’s biggest companies fe...READ MOREview in list
World’s Most Admired Companies - 2021After a year in which humanity leaned more heavily...READ MOREview in list