No sooner had senior managers told a roomful of journalists that corporate restructuring is on track, news followed that Volvo Group’s chief executive had been replaced
Olof Persson fell from his perch following pressure from shareholders' dissatisfaction over the group’s weak financial performance in recent years. Volvo group plans to appoint Scania’s head Martin Lundstedt to the role staring in October.
Until then, Volvo Group’s chief financial officer Jan Gurander will be standing in. Lundstedt and G
Its incredible versatility means that the articulated dumptruck (ADT) has become a popular piece of equipment for quarrying or earthmoving applications. For quarrying in particular, the machines are highly useful as they are able to cope with steeper ramp hauls and tougher terrain than rigid haulers offering similar payloads.
XCMG has seen strong exports, with one deal in particular providing a major boost to turnover - Mike Woof writes
It is rare that a single machine order can provide a substantial portion of a large manufacturer’s annual results. However the firm’s massive contract signed with the Venezuelan Government was a major boost to XCMG; the supply of no less than 6025 machines in a deal worth some US$750 million. This order came at an important time for the company when the world demand for construction equipment sl
