Hakan Samuelsson took over the reins in October and in his first series of interviews said the company would be reviewing contracts with consultants, IT and other personnel as the company focuses its mind on returning to profitability.
Speaking to the Financial Times on Tuesday Samuelsson said that next year “the target is still to break even, but that will also be very tough”.
A key aspect of Samuelsson’s job is to execute a five-year $11bn revamp of the company, which is partly aimed at boosting sales in China.
In an interview with Swedish business paper Dagens Industri, Samuelsson said: “We need to get much better in China, especially now that we need to compensate for the decline in Western Europe.”
Image from Volvo Media
