Volvo AB said its operating margin should eventually grow by 3% as a result of the reorganization of its truck division, Bloomberg reported.
“I will not give a deadline when we’re done with it, but it will be over time,” CEO Olof Persson said Tuesday, Bloomberg reported.
The previously announced restructuring of the company’s truck division is aimed at simplifying purchases and decreasing internal invoicing, Bloomberg said.
Persson said the changes are “on track” for completion by Jan. 1, Bloomberg reported.
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