Volvo Group CEO Lundstedt on Truck Demand and Trade Effects

The transcript covers the impact of rising oil prices on business costs, current truck demand and market trends, innovations in truck technology, the influence of regulations and environmental standards, the effects of trade restrictions and tariffs, and preparations for Hurricane Florence. It highlights the importance of adapting to market conditions, leveraging new technologies, and ensuring safety and sustainability in operations.

What percentage of the total cost of operation does fuel typically represent in long haulage operations?

• 40-45%

• 30-35%

• 20-25%

• 10-15%

What is one of the key technologies being showcased at the Berlin innovation summit?

• Hydrogen fuel cells

• Automation

• Biofuels

• Hybrid engines

How do increasingly stringent regulations affect the trucking industry?

• They increase the demand for advanced products

• They have no impact

• They reduce the need for new trucks

• They make trucks cheaper

What is the company's approach to environmental standards?

• Reduce production

• Plan long-term and drive R&D

• Comply only when necessary

• Ignore them

What is the main priority for the company in response to Hurricane Florence?

• Protecting colleagues and stakeholders

• Reducing costs

• Increasing production

• Expanding market share

How do trade tariffs affect the company's operations in the US?

• They have no effect

• They increase truck demand

• They create an imbalance due to tariffs on steel

• They make steel imports cheaper

What is the company's strategy in response to global trade developments?

• Focus solely on the US market

• Rely on imports from Mexico

• Maintain operations in all major regions

• Stop production in China