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Volvo Trucks history
Volvo Trucks company history timeline
In 1986, at the height of its appeal in the United States, Volvo had sold more than 111,000 cars.
By 1990, Sweden's currency had rebounded, causing export sales to slow.
Volvo concluded a deal with Mitsubishi in 1991 in which the Japanese manufacturer would take a one-third interest in the Dutch facility, allowing Mitsubishi to manufacture parts for cars it intended to assemble in Europe.
Hoping to strengthen itself by increasing its connections with Renault, the company worked on a merger in 1993.
The alliance with Renault was subsequently dissolved in February 1994.
Although Volvo had already introduced more stylish sedans and wagons redesigned from the old 850s, in 1997 it began selling the C70 coupe and convertible.
Volvo brought in $95 million in 1997 with the sale of its 11 percent interest in Renault.
The company sold its Volvo automaking business to Ford Motor Company in March 1999 in order to focus on commercial vehicles.
In this historic deal, completed in March 1999, Ford paid $6.45 billion for the Volvo brand and plants in Sweden, Belgium, and the Netherlands.
Despite finally being able to complete a significant acquisition, 2001 was a bleak year for Volvo overall.
In addition to introducing several new models, the Volvo Trucks unit began production at new plants in Russia and China in 2003.
The commission later ordered Volvo to divest its stake in Scania by April 23, 2004.
Cradle of the Renault Trucks brand and steeped in history, the Lyon site celebrated 100 years in 2016.
Volvo launches new D11, D13 and D13 with Turbo Compounding engines for GHG 2017.
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Volvo Trucks competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Cummins | 1919 | $34.1B | 57,825 | 661 |
| Thomas Built Buses | 1972 | $550.0M | 1,600 | - |
| Volvo Cars | 1927 | $23.6B | 38,000 | 79 |
| Daimler Trucks North America | 1942 | $11.0B | 34,015 | 52 |
| Volkswagen Group of America | 1955 | $1.2B | 2,000 | 7 |
| Donaldson | 1915 | $3.6B | 13,100 | 339 |
| Freightliner Trucks | 1942 | $450.0M | 15,000 | 45 |
| AGM Automotive | 2001 | - | 720 | - |
| Yazaki North America | 1966 | $1.1B | 1,500 | - |
| Pirelli | 1872 | $5.8B | 30,189 | 19 |
Volvo Trucks history FAQs
Zippia gives an in-depth look into the details of Volvo Trucks, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Volvo Trucks. The employee data is based on information from people who have self-reported their past or current employments at Volvo Trucks. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Volvo Trucks. The data presented on this page does not represent the view of Volvo Trucks and its employees or that of Zippia.
Volvo Trucks may also be known as or be related to Volvo Group North America, LLC, Volvo Trucks, Volvo Trucks North America, Volvo Trucks North America Inc and Volvo Trucks North America, Inc.