Volvo Group - Report on 1996 Operations
The concentration of Volvo's operations on its core business continued during 1996. The divestment of operations not related to the automotive business contributed to a strong net income amounting to SEK 12.5 billion. The Group's financial position has thereby been further strengthened.
Activities in the automotive sector during the year were characterized by many product innovations, a continuing high pace of product development and aggressive rationalization and development programs in both the industrial and commercial system.