The Volvo Group’s vision is to become the world leader in sustainable transport solutions by:
Creating value for customers in selected segments
Pioneering products and services for the transport and infrastructure industries
Driving quality, safety and environmental care
Working with energy, passion and respect for the individual
Business areas
Volvo Penta: engines and drive systems for leisure and commercial boats and industrial applications
Buses: city and intercity buses, coaches and chassis
Governmental sales; Sales to government agencies and organizations
Volvo Financial Services; financial services for Volvo Group dealers and customers
Volvo Trucks
One of the world’s largest manufacturers of medium and heavy trucks for long-aul and regional transportation, as well as infrastructure projects.
The History
1927 Volvo is founded by Assar Gabrielson and Gustaf Larson, who decide to create safe vehicles of high quality. The first passenger car is manufactured in Gothenburg and in the following year, the first truck – an instant success. In the following decades, Volvo grows into a Group and a number of operations come into existence: the manufacture of car, marine and industrial engines, buses, construction equipment and components for the aircraft industry.
1999 – Volvo Cars is sold to the Ford Motor Company
2001 – Volvo Group acquires Renault Trucks and Mack Trucks
2007 – The Volvo Group acquires Nissan Diesel (currently known as UD Trucks)
2007 - The Volvo Group acquires Lingong, Chinese manufacturer of construction equipment.
2008 - Establishment of joint venture company with Eicher Motors.
2012 The aerospace component company Volvo Aero is sold to the British engineering group GKN.
Volvo Group organization
The Volvo Group’s various operations are organized to deliver the greatest possible focus on customers and their needs, and to exploit and harness the Group’s far-reaching and shared resources in the