During 1999, as a result of the sale of Volvo Cars, we have focused operations on vehicles and equipment for commercial use, our strongest area. We have created a more homogeneous structure, and a fine base on which to continue to grow.

This is one of the most revolutionary changes in Volvo's history and has involved a comprehensive and largely difficult changeover for our organization - at the same time that a great deal of work has been devoted to improving ongoing operations. Major efforts have been made, and we can say that they have begun to yield results.