Volvo Group to close loss-making unit in Scotland citing supply chain woes and trade barriers

Core Viewpoint - Volvo Group will shut down its loss-making Rokbak haulers business within its construction equipment unit due to ongoing supply chain challenges and trade barriers affecting exports [1] Company Summary - The decision to close the Rokbak haulers business is a response to persistent issues in the supply chain that have hindered operations [1] - The closure reflects the company's strategic shift to focus on more profitable segments within its construction equipment division [1] Industry Summary - The construction equipment industry is currently facing significant challenges, including supply chain disruptions and trade barriers that impact export capabilities [1] - These challenges are prompting companies within the industry to reassess their business units and make difficult decisions regarding unprofitable operations [1]