Volvo is braced for growing competition from Asian truckmakers but European manufacturers can remain dominant on the global stage, according to Leif Johansson, chief executive of the Swedish group.
He said Chinese and Indian truckmakers were becoming more formidable as they benefited from surging sales in their fast-growing domestic markets.
“Do I see Chinese and Indian competition in future? Absolutely,” Mr Johansson told the Financial Times. “We have stripped down their trucks [to assess quality] and they are improving very quickly.”
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