The Volvo Group consists of eight main business areas, which are supported within the group by a number of business units.
Volvo Group Trucks Technology is a business unit responsible for product planning, product development, purchasing and product range management for the four truck companies, UD Trucks, Mack, Renault Trucks and Volvo Trucks, within the Volvo Group. Volvo 3P has offices in Allentown, Bangalore, Brisbane, Curitiba, Greensboro, Gothenburg, Lyon and Shanghai and employs approximately 5000 people. Volvo Group Trucks Technology (GTT) is the source base for global project and product design and development. [1]
Volvo Powertrain are the world's largest manufacturers of heavy-duty diesel engines (>9 liter volume).
Volvo Powertrain coordinates Volvo's powertrain activities and supplies the entire Volvo Group with driveline components, such as diesel engines and transmissions, which are either developed and manufactured by Powertrain or purchased. Volvo Powertrain has operations in Sweden, France, and North and South America with total of approximately 8,000 employees.
Volvo Parts provide services and tools to support the Volvo aftermarket. Volvo Parts support six business areas within the Volvo Group; Volvo Trucks, Renault Trucks, Mack Trucks, Volvo Penta, Volvo Buses and Volvo Construction Equipment.
Volvo Technology is the center for research and innovation within the Volvo Group, mainly developing new technologies and concepts for products and processes within the transport industry. Primary customers are the Volvo Group companies, but services are also provided to some selected suppliers.
Volvo Technology participates in national and international research programs involving universities, research institutes, other companies and stakeholders in e.g. society. The business unit has around 500 employees and operates in Gothenburg (Sweden), Lyon (France), Greensboro and Hagerstown (US), Bangalore (India) and Ageo (Japan).
Volvo IT . Clients include the Volvo Group, Geely-owned Volvo Cars, and other large industrial external companies.
Volvo IT has around 6000 employees and offices in Gothenburg, Skövde, Olofström, Wrocław, Ghent, Lyon, Greensboro, Bangalore, Kuala Lumpur, Tianjin, Changwon, Ageo and Curitiba. Volvo intends to divest external IT business and outsource IT infrastructure operations to HCL Technologies.
Volvo Logistics designs and manages business logistics systems for the automotive and aviation industries. They are represented in Europe, North and South America and Asia, close to customers' largest plants or logistic hubs. Volvo Logistics serve customers both within and outside the Volvo Group and has around 700 employees and a turnover of approximately SEK 7 billion.
Volvo Technology Transfer AB develops and supports new businesses with relevance for the Volvo Group.
Volvo Business Services is a global company that provides the Volvo Group of companies with services in the human resources and financial administration areas.
The Volvo Group is a Swedish multinational manufacturing corporation headquartered in Gothenburg. While its core activity is the production, distribution and sale of trucks, buses and construction equipment, Volvo also supplies marine and industrial drive systems and financial services. In 2016, it was the world's second-largest manufacturer of heavy-duty trucks with its subsidiary Volvo Trucks.
Robert Bosch GmbH, commonly known as Bosch, is a German multinational engineering and technology company headquartered in Gerlingen, Germany. The company was founded by Robert Bosch in Stuttgart in 1886. Bosch is 94% owned by the Robert Bosch Stiftung, a charitable institution. Although the charity is funded by owning the vast majority of shares, it has no voting rights and is involved in health and social causes unrelated to Bosch's business.
Mack Trucks, Inc., is an American truck manufacturing company and a former manufacturer of buses and trolley buses. Founded in 1900 as the Mack Brothers Company, it manufactured its first truck in 1905 and adopted its present name in 1922. Mack Trucks is a subsidiary of AB Volvo, which purchased Mack along with its then parent company Renault Véhicules Industriels in 2000.
Renault Trucks is a French commercial truck manufacturer with corporate headquarters at Saint-Priest near Lyon. Originally part of Renault, it has been a subsidiary of the Volvo Group since 2001.
Volvo Penta is a Swedish marine and industrial engine manufacturer, a joint stock company within the Volvo Group. Volvo Penta was founded as Penta in 1907 with the production of its first marine engine, the B1. The Penta company soon became an established internal combustion engine manufacturer, which in 1927 delivered the engine for Volvo's first passenger car.
Volvo Financial Services (VFS), established in 2001, offers financial services and solutions for Volvo Group's brands. VFS' global headquarters are located in Greensboro, North Carolina, USA. A global organization serving nearly 50 markets, VFS focuses exclusively on providing financial services and solutions to the Volvo Group's internal and external customers.
Zhejiang Geely Holding Group Co., Ltd. (ZGH), commonly known as Geely, is a Chinese multinational automotive company headquartered in Hangzhou, Zhejiang. The company is privately held by Chinese billionaire entrepreneur Li Shufu. It was established in 1986 and entered the automotive industry in 1997 with its Geely Auto subsidiary. Geely Auto is currently the seventh largest automobile manufacturer in China, with 1.328 million sales in China in 2021. Globally, the group sold over 2.2 million cars in 2021, and over 17,926 plug-in electric vehicles in January 2022.
Leif Valdemar Johansson is a Swedish businessman. He was President and CEO of the Volvo Group from 1997 to 2011 and Chairman of Ericsson from 2011 until 2017 and is currently Chairman of AstraZeneca plc. In 2012, the Fokus Magazine ranked him as Sweden's 6th most powerful person.
UD Trucks Corporation is a Japanese company whose principal business is the manufacturing and sales of diesel trucks, buses, bus chassis and special-purpose vehicles. Its headquarters are located in Ageo, Saitama, Japan. The company is a wholly owned subsidiary of Isuzu since 2021. Until 2010, the company was known as Nissan Diesel.
The Renault Magnum is a heavy-duty truck that was produced by the French Manufacturer Renault Véhicules Industriels and later Renault Trucks from 1990 to 2013. The Magnum was available in articulated and rigid configurations, both configurations could be bought with a 6×2 or 4×2 drivetrain. The 6×4 is merely designed for heavy haulage uses.
The GMC General is a heavy-duty truck that was assembled by the GMC Truck and Coach Division of General Motors from 1977 to 1987. The largest conventional-cab truck ever produced by the company, the product line replaced the C/M 90/9500 trucks.
The Volvo Museum is in Gothenburg, Sweden. It covers the development of Sweden's leading vehicle manufacturer Volvo, from the first ÖV 4 to the current cars, trucks, buses and other products. The museum also has displays of Volvo Aero and Volvo Penta products, and many other exhibits, including the joint desk of Assar Gabrielsson and Gustaf Larson from the pioneering years of the company.
SAIPA Diesel Company, originally branded Iran Kaveh, is an Iranian-based manufacturer of trucks and trailers.
The Renault Kerax is a medium- and heavy-duty truck manufactured by Renault Trucks, aimed at the construction industry, and is available as a rigid body or tractor configuration. It was launched in 1997, and underwent a full upgrade in 2006. Production of the Kerax ended in 2013, when it was replaced by the C and K range which are powered by Euro VI engines. Military versions, however, are still available.
The automotive industry in Sweden is mainly associated with passenger car manufacturers Volvo Cars and Saab Automobile but Sweden is also home of two of the largest truck manufacturers in the world: AB Volvo and Scania AB. The automotive industry is heavily dependent on export as some 85 percent of the passenger cars and 95 percent of the heavy vehicles are sold outside of Sweden. The automotive industry and its sub-contractors is a major part of Swedish industry. In 2011 around 110,000 people were employed and the export income of 150 billion SEK accounted for 12 per cent of Sweden's export income. During 2009 128,738 passenger cars and 27,698 heavy vehicles were built in Sweden. Koenigsegg is also a famous swedish company which makes some of the fastest cars in the world, but also some of the most expensive. They currently produce models such as the Jesko, Gemera, and CC850.
Volvo Trucks is a truck manufacturing division of Volvo based in Gothenburg, Sweden.
The Club of Four was an alliance of four European truck manufacturers: Saviem, Volvo, DAF, and Magirus-Deutz.
The UD SLF is a rear-engined single-decker bus, and also a semi-low-floor city bus made by the UD Trucks. The other city buses of UD is the UD BRT. The BRT is an articulated bus unlike the SLF, which is a rigid bus.
The UD Quester is a line of heavy-duty commercial vehicle produced by UD Trucks with Volvo Group. It is also related with the new generation of the Quon series made in Japan.