AB Volvo (publ)
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in mil. unless spec.Company Description
- CEO
- Martin Lundstedt
- Full Time Employees
- 98,844
- Sector
- Industrials
- Industry
- Industrial - Machinery
- Address
- Gropegårdsgatan 2 Gothenburg VG Sweden 417 15
- IPO Date
- Feb 13, 2009
- Website
- volvogroup.com
- Similar Companies
- Business
- AB Volvo (publ) is a Swedish multinational manufacturing corporation headquartered in Gothenburg, primarily engaged in the production, distribution, and sale of commercial vehicles and related products. The company’s main product portfolio encompasses heavy-duty and medium-heavy trucks for long-haulage, regional transport, and construction operations marketed under brands such as Volvo, Renault Trucks, Mack Trucks, Eicher, and Dongfeng Trucks; city and intercity buses, coaches, and chassis under Volvo Buses and Prevost brands; construction and mining equipment; as well as marine and industrial power solutions provided by Volvo Penta. Additionally, AB Volvo offers financial services including customer financing, insurance, as well as connected industrial IT, logistics, and maintenance solutions to support its equipment globally. It operates through various segments: trucks, construction equipment, buses, Volvo Penta, financial services, and business support functions. The company serves markets worldwide with production facilities and sales operations across Europe, North and South America, Asia, Africa, and Oceania. Recent major developments include the global launch of a new heavy-duty truck platform aimed at enhancing energy efficiency and reducing CO2 emissions, with a focus on electric- and renewable-fuel technologies alongside efficient combustion engines. This product overhaul includes the introduction of the all-new Volvo VNL model in North America and expansion of the electric truck range to address climate targets and customer safety and productivity. AB Volvo has formed strategic alliances such as a partnership with Samsung SDI to develop batteries for electric vehicles and an agreement with Aurora to advance autonomous truck technologies. The company also emphasizes decarbonization through battery-electric and hydrogen-powered fuel cell solutions as part of its sustainability commitment. These initiatives reflect the company’s continued strategic focus on innovation, electrification, global market expansion, and fostering digital and autonomous capabilities. Founded in 1915, AB Volvo employs over 100,000 people and operates in more than 190 markets. Its broad geographic footprint and extensive brand portfolio position it as a leader in the global industrial and commercial vehicle and equipment sectors. The company's product and service offerings are distributed through a worldwide network of dealerships and workshops, reinforcing its comprehensive customer support and aftersales presence. Volvos Group’s operations and strategic direction are underscored by commitments to sustainability, innovation, and customer-centric solutions in commercial transportation and industrial power systems.
Company News
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