1. Volvo AB, the world's second-largest truckmaker, plans to spend 935 million kronor to build a Russian plant
2. It boosted European capacity 5 percent in the first quarter and will further increase production in the second quarter to meet the rising demand.
3. It has been spending money on acquisitions. It announced a friendly bid to buy Nissan Diesel Motor Co and would spend 7.4 billion kronor to raise its Nissan Diesel stake to 96 percent from 19 percent.
4. Volvo's construction equipment division earlier this year agreed to buy Ingersoll Rand Co.'s road building-equipment unit for $1.3 billion in cash to become the world's third-largest maker of construction equipment and better compete with Caterpillar Inc. and Komatsu Ltd., the world's two-largest makers of heavy equipment.
Service the sympathetic markets but work out the difficult ones too
[Click here for full story at: BLOOMBERG.COM]
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