Volvo AB supplies commercial transport solutions providing products, such as trucks, buses, construction equipment, drive systems for marine and industrial applications, as well as aircraft engine components. The company also offers its customers financial services. It has production facilities in 19 countries and sales activities in approximately 180 countries, mainly in Europe, Asia, and North America. It sells its products through both wholly owned and independent dealers. Business Segments The company’s operations are organized in nine business areas: including: Volvo Trucks; Renault Trucks; Nissan Diesel; Mack Trucks; Construction Equipment; Buses; Volvo Penta; Volvo Aero; and Financial Services. Volvo Trucks: The Volvo Trucks Segment manufactures medium-heavy to heavy trucks for long-haul, regional transport, and construction operations. Renault Trucks: The Renault Trucks Segment offers various types of vehicles from light trucks for delivery to heavy trucks for long haulage. Mack Trucks: The Mack Trucks Segment manufactures heavyduty trucks primarily for construction, refuse and heavy regional transports. Nissan Diesel: The Nissan Diesel Segment’s products range from medium-heavy to heavy trucks used for long-haul, regional transport, and construction operations. Buses: The Buses Segment has a product range comprising city and intercity buses, coaches and chassis. The Buses’ product line includes buses and bus chassis for city, intercity and coach traffic. The company has a total offering that, in addition to buses, includes a global service network, spare parts handling, service and repair contracts, financial services and traffic information systems. Construction Equipment: The Construction Equipment Segment manufactures equipment for construction applications and related industries. Volvo Penta: Volvo Penta provides engines and power systems for leisure and commercial craft, as well as for industrial applications, such as gensets and materials handling. Volvo Penta manufactures engines and drive systems for marine applications, for both leisure and commercial craft, with an engine range of 10 to 2,000 hp and have a global service network with approximately 5,000 dealers. Volvo Penta also supplies industrial engines ranging from 75 kW to 600 kW for irrigation pumps, generator units and other application areas. Volvo Aero: Volvo Aero offers advanced components for aircraft engines and space applications with a focus on light-weight technology for reduced fuel consumption. Services for the aerospace industry are also offered. Financial Services: Financial Services conducts operations in customer and dealer financing. Joint Ventures In May 2008, the company signed a final agreement with the Indian vehicle manufacturer Eicher Motors covering establishment of a new Indian joint-venture company. The joint venture, VE Commercial Vehicles Ltd., comprises Eicher Motors’ entire truck and bus operations and its components business, as well as operations within technical consulting. Volvo AB is collaborating with the Swedish Energy Agency to invest for production of a green technology. History Volvo AB was founded in 1915.
volvo ab-b shs
(VOLVB:OMX Nordic Exchange Stockholm)
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