
Two Volvos, with different CEOs
"Announcing results last week, Volvo said it saw sales fall by 20 per cent amid the chip shortage.
Speaking to investors, Martin Lundstedt, CEO, said: "The fourth quarter was yet another quarter characterised by the shortages of material, mainly related to semiconductors and also then the lack of capacity, including freight."
The link in the first sentence refers to Volvo Cars, but Martin Lundstedt is CEO of Volvo Group, i.e. trucks, buses.