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05May94 SWEDEN: VOLVO REFOCUSES WITH £3BN SALE.

Volvo has announced plans to sell up to SKr40 billion (£3.4 billion) of assets so that it can focus its operations on vehicle production. The move is likely to be good news for the construction equipment, trucks and engines divisions, which have been identified as core businesses for Volvo's future.The Swedish company's incoming chief executive, Soren Gyll, plans to reverse the strategy of his predecessor, Pehr Gyllenhammar.Mr Gyllenhammar wanted to broaden Volvo's holdings in ...

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