AB Volvo (publ), commonly known as the Volvo Group, is a Swedish manufacturer of commercial vehicles and industrial products. The company develops and produces heavy-duty trucks, medium-duty trucks, buses, construction equipment, and power solutions for marine and industrial applications. Its principal vehicle brands include Volvo Trucks, Mack Trucks, Renault Trucks and UD Trucks.
The Volvo Group also provides construction machinery through Volvo Construction Equipment and engines and propulsion systems through Volvo Penta. In addition to its products, the company offers financing, aftermarket services, maintenance, spare parts, productivity solutions and other support for customers throughout a vehicle or machine’s operating life. It is also developing connected, electric and autonomous transportation and equipment technologies.
Founded in Gothenburg, Sweden, in 1927, Volvo initially built passenger cars before becoming focused primarily on commercial transportation and industrial businesses. Volvo’s former passenger-car operations were sold to Ford Motor Company in 1999 and subsequently became part of Geely Holding. The Volvo Group serves customers across Europe, North America, South America, Asia, Africa and Oceania through global manufacturing, sales and service networks. Martin Lundstedt has served as the group’s president and chief executive officer since 2015.
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