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Volvo truck maker picks rival Scania boss as new CEO, posts big first-quarter profit increase

2015-04-22 11:17:03| Automakers - Topix.net

Swedish truck maker AB Volvo has tapped Martin Lundstedt, the top boss at rival Scania AB, to become the new chief executive and group president later this year. Group chairman Carl-Henric Svanberg says the Goteborg-based company "is gradually" entering a new phase with "an intensified focus on growth and increased profitability."

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