Volvo says it has hired CEO of rival Scania
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[STOCKHOLM] Volvo, the world's number two truck maker, said on Wednesday it has hired Martin Lundstedt, CEO of its main rival Scania - which is owned by Volkswagen - who will take the reins of its operations in October.
The announcement came as the Swedish group said that its first quarter profits had almost quadrupled to 4.25 billion crowns (S$660 million), thanks to strong sales and efficiency gains.
AFP
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
