Volvo Group Chief Executive Officer Leif Johansson ran into a hostile reception at a Volvo truck plant in Tuve, Sweden, Wednesday. Disgruntled plant workers heckled and booed the CEO as he stood on a truck to address workers, Swedish news agency Tidningarnas Telegrambyra reported. It was a huge miscalculation, said the union working group chairman Tomas Johansson.

AB Volvo, under pressure from some investors to return its huge cash reserves to shareholders, plans a series of truck acquisitions. Given our growth target of 10 percent, to do that wholly organically is almost impossible.