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Could FX headwinds blow Volvo Group cost savings off course?

SEK 10bn is the target and Gurander is sticking to it, despite potential currency challenges

With 18 months to go on its SEK 10bn (US$1.16bn) structural cost savings plan, Volvo Group's Jan Gurander, Chief Financial Officer and Acting Chief Executive, finds himself on the defensive. Gurander is keeping the leadership seat warm for Martin Lundstedt, the former Scania head who is poised to take over the reins at Volvo in October. Volvo's former Chief Executive Olof Persson left in April.

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