About Volvo

History
The Volvo Group has its origin in 1927 when the first Volvo car rolled off the production line at the factory in Gothenburg. Only 280 cars were built that year.[8] The first truck, the "Series 1", debuted in January 1928, as an immediate success and attracted attention outside the country. In 1930, Volvo sold 639 cars, and the export of trucks to Europe started soon after; the cars did not become well-known outside Sweden until after World War II.
Pentaverken, who had manufactured engines for Volvo, was acquired in 1935, providing a secure supply of engines and entry into the marine engine market.
The first bus, named B1, was launched in 1934, and aircraft engines were added to the growing range of products at the beginning of the 1940s. In 1963, Volvo opened the Volvo Halifax Assembly plant, the first assembly plant in the company's history outside of Sweden in Halifax, Canada. In 1999, the European Union blocked a merger with Scania AB.
Volvo Group sold its car division Volvo Car Corporation to Ford Motor Company for $6.45 billion during 2000, it was placed within the Premier Automotive Group alongside Jaguar, Land Rover and Aston Martin. Volvo engineering resources and components would be used in various Ford, Land Rover and Aston Martin products, with the second generation Land Rover Freelander designed on the same platform as the second generation Volvo S80. The Volvo T5 petrol engine was used in the Ford Focus ST and RS performance models, and Volvo's satellite navigation system was used on certain Aston Martin Vanquish, DB9 and V8 Vantage models.
Ford sold the Volvo Car Corporation in 2010 to Geely Automobile of China for $1.8 billion, following on from their sale of Jaguar Land Rover in 2008 and Aston Martin in 2007.
Renault VĂ©hicules Industriels (which included Mack Trucks, but not Renault's stake in Irisbus) was sold to Volvo during January 2001, Volvo renamed it Renault Trucks in 2002. Renault became AB Volvo's biggest shareholder with a 19.9% stake (in shares and voting rights) as part of the deal. Renault increased its shareholding to 21.7% by 2010.
AB Volvo acquired 13% of the shares in the Japanese truck manufacturer UD Trucks (the former Nissan Diesel) from Nissan Motor Co Ltd (part of the Renault-Nissan Alliance) during 2006 becoming a major shareholder. Volvo Group took complete ownership of Nissan Diesel in 2007 to extend its presence in the Asian Pacific market.
Business
Volvo Trucks (midsize-duty trucks for regional transportation and heavy-duty trucks for long distance transportation, as well as heavy-duty trucks for the construction work segment)
Mack Trucks (light-duty trucks for close distribution and heavy-duty trucks for long distance transportation)
Renault Trucks (heavy-duty trucks for regional transportations and heavy-duty trucks for the construction work segment)
UD Trucks (midsize-duty trucks)
VE Commercial Vehicles Ltd (VECV), a 50:50 joint venture between the Volvo Group and Eicher Motors Limited
Volvo Construction Equipment (construction machines) (previously Volvo BM, see also AB Bolinder-Munktell)
SDLG (Shandong Lingong Construction Machinery Co., Ltd., China)
Volvo Buses (complete buses and bus chassis for city traffic, line traffic and tourist traffic)
Volvo Penta (marine engine systems for leisure boats and commercial shipping, diesel engines and drive systems for industrial applications)
Volvo Financial Services (customer financing, inter-group banking, as real estate administration)
Volvo Information Technology
Trademark
Volvo trademark
Volvo Trademark Holding AB is equally owned by AB Volvo and Volvo Car Corporation.
The main activity of the company is to own, maintain, protect and preserve the Volvo trademarks (including Volvo, the Volvo device marks (grille slash & iron mark) Volvo Aero and Volvo Penta) on behalf of its owners and to license these rights to its owners. The day-to-day work is focused upon maintaining the global portfolio of trademark registrations and to extend sufficiently the scope of the registered protection for the Volvo trademarks.
The main business is also to act against unauthorised registration and use (including counterfeiting) of trademarks identical or similar to the Volvo trademarks on a global basis.
Brands
- Volvo Trucks
- Volvo Buses
- Volvo Construction Equipment
- Volvo Financial Services
- Renault Trucks
- UD Trucks
- Prevost
- Mack Trucks
- Eicher (50:50 joint venture with Eicher Motors, India)
- Volvo Penta
- Nova Bus
- SDLG (Shandong Lingong, China)
- Volvo Rents