Volvo Trucks Corporation is a Swedish carmaker, one of the world's leading heavy truck manufacturers. Translated from the Latin "volvo" means "I twist" or "I roll." It belongs to the second-largest truck manufacturer Volvo Group.
In 2001, Volvo Trucks acquired a controlling stake in the cargo division of Renault (RVI), which in 2002 became part of it called Renault Trucks. President and Chairman of the Board of Directors - Leif Johansson. The post of chairman of the board is occupied by the former head of Renault - Louis Schweitzer.
The company was founded in 1916 by Assar Gabrielson (Swede. Assar Gabrielsson) and Gustaf Larson (Swede. Gustaf Larson) as a subsidiary of the well-known manufacturer of bearings SKF. In 1927, the first production car leaves the factory gates. Already in 1935, Volvo becomes completely independent from SKF.
The first truck appeared at the beginning of 1928 - it was an “LV series 1” that had instant success, and 500 units were sold before the summer. It had a 2.0 liter 4-cylinder engine with a power of 28 hp. (21 kW).
Volvo produces predominantly (95%) heavy commercial vehicles (in the class of more than 16 tons). In terms of production, Volvo Truck Corporation ranks second in the global market. In 2006, Volvo Trucks sold 105519 units of trucks.
Volvo trucks are positioned by the manufacturer as safe and comfortable. Volvo Trucks Corporation’s global international corporation includes design and manufacturing centers located in Sweden, Belgium, Brazil and the United States, as well as a large number of assembly plants around the world, in some of which the corporation is represented as a co-founder with local industrial groups in others are directly owned by the Volvo Group.
In addition to the brand of the same name, Volvo Trucks also owns such brands of truck manufacturers as Renault Trucks (Renault Trucks), Mack Truck (American brand), and Nissan Diesel (now UD Trucks). Volvo Trucks also co-owned a well-known truck manufacturer Scania, however, in accordance with the decision of the European Union's anti-monopoly committee, it sold its share of this company in the market.
Volvo Trucks has offices and service centers in more than 130 countries around the world. More than 1,000 local dealerships in different parts of the world and 1,800 technical centers provide sales and maintenance of trucks.
Almost half of the total sales of its new technology Volvo Trucks is in Western Europe, more than a third in America. Eastern Europe accounts for 6% of gross sales, but this market is currently the fastest growing for Volvo Trucks. In Russia in 2006, 2436 units of Volvo Trucks heavy equipment were sold. Volvo FH owns the largest share in the production structure of Volvo trucks, in 2006 the manufacturer sold over 40 thousand trucks of this series.
The FH series in the current line is lighter than the Volvo FM series trucks, which are designed for short and medium distances. Delivery trucks are Volvo FL. These trucks are mainly used for quick deliveries in the city and in the suburbs, removal of household waste and the provision of other utilities.
Although Volvo has sold its Volvo Car division, the following divisions are part of the VOLVO group.
- Volvo Trucks (produces trucks)
- Mack Trucks
- Renault Trucks
- UD Trucks
- Volvo Bussar
- Volvo Construction Equipment
- Volvo Penta
- Volvo Aero
- Volvo Financial Services
In 2008, Volvo Trucks sold 105,952 trucks.