AB Volvo (or even Aktiebolaget Volvo) occurs as Swedish world leading manufacturer of commercial vehicles, buses and construction equipment, drive systems for marine and industrial applications, aerospace components and services. A Class action too will bring complete solutions for funding & service.

Based within 1927 in the city of Gothenburg, as a spin-off from either roller ball bearing maker SKF. Volvo Cars, the automobile manufacturer, has since 1999 been owned by the Ford Motor Company.

Volvo is Latin for "I roll", & although fitting swell to their products, vehicles, it was originally a title for the needle bearing existence developed per company SKF, which provided funding to two or three employees to install the car-manufacturing business.

A Volvo Class action now has to a higher degree 81,000 employees, using manufacturing inside Twenty-five countries & sales within additional than 185 markets. A Volvo Class action's nett sales 2004 amounted to €22 billion.

Change of strategy

Among the reasons how come Volvo took a initiative to sell a auto manufacturing was a increasing development costs for recently car system, coupled by having a fact that it was a comparatively little producer. the strategy was instead to develop as a truck manufacturer in which it got a stronger market position. A buyout of Volvo Cars was announced in January 28, 1998 in the following season acquisition was completed at the price of $6.45 billion USD. Volvo utilized a funds from either a low of a auto section to finance the buy of Scania, another leading Swedish truck manufacturer, however a treat was stopped for competition reasons per European Union. Instead Volvo acquired a commercial vehicles section of French Renault and the Western truck manufacturer Mack.

The Volvo trademark

A Volvo™ trademark is now jointly owned (50/50) by Volvo & Ford. One of a independent promotional activities for the trademark is the sailing contest Volvo Ocean Race, formerly a Whitbread In the area of the World Ventral suction cup. There exists besides the Volvo Baltic Race.

Volvo companies

Business areas

A Volvo Class action is organised into a below business areas:

Volvo Trucks Mack Trucks Renault Trucks Volvo Buses Volvo Construction Equipment Volvo Penta Volvo Aero Volvo Financial Services

Business units

the class action business areas come supported by a total of business units:

Volvo 3P Volvo Powertrain Volvo Parts Volvo Technology Volvo Facts Technology Volvo Logistics Volvo Technology Transfer Volvo Business Services Celero Support