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In Today's post I wanted to share some exciting key points that I took away from the Volvo Annual General Meeting 2011. This information is available online at the attached links both in PDF and video. We were addressed in today's meeting by current President and CEO, Leif Johansson.

Volvo Annual General Meeting
Key Points:

• Last year 2010, sales were almost SEK 265 billion, earnings totaled SEK 18
billion, cash flow was record high and net indebtedness was in line with the
Group’s target.

• The share price surged by 93 percent

• We were able to welcome back many of our employees who were compelled to
leave us during the crisis.

• The reason for the sharp upturn is to be found partly in the fiscal and
monetary policy measures that helped stabilize the financial markets,
countries such as China, India and Brazil, with their robust domestic
markets, progressed through the crisis virtually unscathed.

• Since the disposition of passenger car operations Volvo Group has grown by
SEK 200 billion and we are currently one of the largest players in our
industries.

• We already have excellent positions worldwide and we are gaining an ever‐
increasing number of domestic markets. We have a robust, ample centre in
Gothenburg, as well as in other locations – as you will soon see.

• The Annual General Meeting of AB Volvo held on April 6, 2011 approved the
Board of Directors’ motion that a dividend of SEK 2.50 per share be paid to
the company’s shareholders. The record date for dividends was established as
April 11, 2011.

LATEST AB VOLVO ANNOUNCEMENT

• As of May 1, Olof Persson will become Executive Vice President of AB Volvo
as well as Deputy CEO during the period until the end of August.

• Olof Persson’s successor as President of Volvo Construction Equipment will
be announced in the near future.

NEW JOB OPPORTUNITIES WITH VOLVO - A WORLD CLASS ORGANIZATION

Are you looking for a new career opportunity? We are on the move! Take a look at the Volvo Group NA, where there are some awesome opportunities to collaborate Globally with your counterparts in Sweden, France and China.

The Volvo Group NA is one of the leading suppliers of commercial transport solutions providing products such as trucks, buses, construction equipment, engines and drive systems for boats and industrial applications as well as aircraft engine components. The Volvo Group also offers its customers financial solutions.

HOT JOBS OF THE WEEK

REQ#10371 VMT Quality Manager - CAB - Volvo 3P
Required Experience: BS Degree in Engineering
• BS Degree in Engineering with experience equivalent to 10 or more years of
progressive automotive experience, OR a minimum of 15 years of applicable
progressive automotive experience.
• Special Requirements: Minimum of 3 years heavy truck engineering or
aftermarket experience working with design/field problems solutions included
in progressive experience.
• Change Management experience
• Experience in manufacturing, engineering and sales

Volvo Group North America is an Equal Opportunity Employer
E.O.E./M/F/D/V


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REQ# 9261BR SERVO HYDRAULIC TEST ENGINEER - Volvo 3P
Required Experience:
• BS Degree(Masters Degree preferred) in Engineering with, generally, experience
equivalent to 5 or more years of progressive automotive experience, OR a minimum
of 9 years of applicable progressive automotive experience.
• Experience in a laboratory environment or relevant design experience
• Attention to Detail: Monitoring adherence to standards and actively checking for
accuracy of data received or generated before passing it on.
• Communication: Listening effectively, transmitting information accurately and
understandably, and actively seeking feedback non-defensively.
• Flexibility: Performing a wide range of tasks, responding to changes in direction
and priorities, and accepting new challenges, responsibilities, and assignments.
• Ownership/Accountability: Taking the lead in getting the job done and accepting
responsibility for personal actions, costs, and results.
• Teamwork: Building cooperation among individuals and departments, sharing
information and resources, and working to achieve group goals and outcomes.

Volvo Group North America is an Equal Opportunity Employer
E.O.E./M/F/D/V


***********************************************************************************

REQ#8175 TOOL AUDITOR/COST WORKSHOP ENGINEER - Volvo 3P
Required Experience:Tooling inventory
• With the asset manager, contribute to definition of inventory process (full
audit / process audit + sample audit / supplier declaration)
• Prepare tooling inventory - clean tooling lists and tooling register
• Plan audits with suppliers
• Execute audits at the suppliers
• Write audit report
• Handout report to asset manager in order to update register
• Perform process analysis at suppliers
• Document potential savings (alternative production organizations, sourcing)
• Support in supplier development action follow up

Volvo Group North America is an Equal Opportunity Employer
E.O.E./M/F/D/V


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REQ#10042 LEAD ENGINEER - CAB EXTERIOR - Volvo 3P
Required Exeperience: Minimum Education and Years Experience Required
BS in Engineering with 12yrs progressive automotive experience
Required Competencies
• Requires proficiency in detailed engineering documentation.
• A strong understanding of design constraints of various manufacturing
processes is required, especially regarding plastics and sheet metal
stampings.
• Experience in one major CAD system preferably Catia V5.
• Experience in using a PDM system.
• Problem-Solving/Decision-Making: Taking a well-ordered approach to solving
problems and acting despite obstacles or resistance.
• Analytical Skills: Recognizing patterns in data, information, or events,
drawing logical conclusions, and making recommendations for action.
• Teamwork: Building cooperation among individuals and departments, sharing
information and resources, and working to achieve group goals and outcomes.
• Flexibility: Performing a wide range of tasks, responding to changes in
direction and priorities, and accepting new challenges, responsibilities,
and assignments.
• Ownership/Accountability: Taking the lead in getting the job done and
accepting responsibility for personal actions, costs, and results.

Volvo Group North America is an Equal Opportunity Employer
E.O.E./M/F/D/V


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REQ#10305 SENIOR ENGINEER - Volvo 3P
Required Experience: BS Degree in Engineering
• Minimum 5 years of automotive or truck HVAC engineering experience
• Experienced Engineer able to work independently and direct others in
specific areas
• Ability to perform complex engineering tasks independently
• Automotive/Truck HVAC Technical/Functional Expertise
• Good communication skills
• Catia V5 experience preferred
• Fluent English. Other language such as Swedish or French is a bonus.
• HVAC functional and component ownership
• Maintenance of functional area for maintained/improved cost and quality
• Assures compliance with all applicable vehicle regulations (FMVSS, FMCSR,
EPA,CARP, etc.) relating to his/her area of responsibility.

Volvo Group North America is an Equal Opportunity Employer
E.O.E./M/F/D/V

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REQ#10766 Embedded System Developer - Volvo Technolgy
Required Experience: Degree in Computer Engineering, Computer Science or Electrical Engineering or equivalent experience. Graduate degree preferred.
5 or more years of progressive programming experience.
UML Rapsody C++, RTOS preferred
Silverlight, .Net preferred

Volvo Group North America is an Equal Opportunity Employer
E.O.E./M/F/D/V

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To apply please click on the link on Volvo Careers listed on the right side of the screen.

Career Opportunities with A World Class Organization

Are you looking for a new career opportunity? Had your share of work furloughs and uncertainty? Take a look at the Volvo Group NA, where there are some awesome opportunities to collaborate Globally with your counterparts in Sweden, France and China.

The Volvo Group NA is one of the leading suppliers of commercial transport solutions providing products such as trucks, buses, construction equipment, engines and drive systems for boats and industrial applications as well as aircraft engine components. The Volvo Group also offers its customers financial solutions.

HOT JOBS OF THE WEEK

REQ#7473 NVH TEST ENGINEER
REQ# 9261BR SERVO HYDRAULIC TEST ENGINEER
REQ#8175 TOOL AUDITOR/COST WORKSHOP ENGINEER
REQ#10006 SENIOR DHC ENGINEER -RT SPECIALIST
REQ#10070 SENIOR ENGINEER ANALYST

To apply please click on the link on Volvo Careers listed on the right side of the screen.