Volvo AB Class A
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Martin Lundstedt
- Full Time Employees
- 98,844
- Sector
- Producer manufacturing
- Industry
- Trucks/Construction/Farm machinery
- Address
- Gropegårdsgatan 2 Gothenburg VG Sweden 417 15
- IPO Date
- Apr 18, 1905
- Website
- volvogroup.com
- Similar Companies
- Business
- AB Volvo (publ) AB Volvo (publ) is a Swedish multinational manufacturing corporation that manufactures and sells trucks, buses, construction equipment, marine and industrial engines, and related financial services and solutions. The company operates through key segments including Trucks under brands such as Volvo Trucks, Renault Trucks, and Mack Trucks; Construction Equipment via Volvo Construction Equipment, Rokbak, and SDLG; Buses through Volvo Buses and Prevost; Volvo Penta for engines and power systems in marine and industrial applications; and Volvo Financial Services for customer and dealer financing, insurance, rentals, spare parts, repairs, preventive maintenance, and uptime agreements. Founded in 1927 and headquartered in Gothenburg, Sweden, AB Volvo (publ) employs approximately 102,000 people, maintains production facilities in 17 countries, and serves customers in nearly 180 markets across Europe, North America, South America, Asia, Africa, and Oceania. Recent developments include major 2024 product launches such as a new heavy-duty truck range for Europe, Australia, Asia, and Africa; an all-new heavy-duty truck platform for North America featuring the Volvo VNL; Volvo Construction Equipment's largest-ever renewal with over 80 new products including modernized excavators and the first electric wheeled excavator; a new long-range FH Electric truck for 2025 with up to 600 km range; and development of hydrogen combustion engines with on-road tests starting in 2026. The company announced a joint venture with Daimler Truck for software-defined heavy-duty vehicle platforms, a $261 million global investment to expand crawler excavator production at sites in Shippensburg, USA; Changwon, South Korea; and Sweden, and plans for a new cab and assembly plant in Mexico for Volvo Trucks and Mack Trucks operational in 2026; while postponing its battery cell plant in Mariestad, Sweden, by 12-24 months amid slower electric vehicle adoption.
Company News
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