The Volvo Group is one of the world’s leading manufacturers of trucks, buses and construction equipment, drive systems for marine and industrial applications, aerospace components and services. Our business areas are – Volvo Trucks, Mack, Renault Trucks, Volvo Buses, Volvo Construction Equipment, Volvo Penta, Volvo Aero and Volvo Financial Services. Several business units provide additional manufacturing development or logistical support. The largest business units are: Volvo Powertrain, Volvo 3P, Volvo IT, Volvo Logistics, Volvo Parts and Volvo Technology. Founded in 1927, Volvo has approximately 92 000 employees today, production in 19 countries and sales activities in some 180 markets. 2010 the Volvo Groups’ net sales amounted to 26 Bn€.
Volvo Technology is a Business Unit of the Volvo Group (i.e. AB Volvo) with head office in Gothenburg (Sweden) and offices in Lyon (France), Greensboro/Allentown/Los Angeles (United States) and Shanghai (China). It is an innovation company that on contract basis invents researches, develops and integrates new product and business concepts and technology for hard as well as soft products within the transport and vehicle industry. We work primarily in the key technology areas: soft products, process & manufacturing, vehicle technologies & transport solutions, propulsion, electrical & embedded systems, and new technologies. We participate in national and international projects in certain strategic areas, involving universities, research institutes and other companies. Through all European framework programmes, Volvo Technology has participated in a large number of projects. Volvo is also active in working groups within organizations such as ERTRAC, EUCAR and ERTICO. Beside R&D, Volvo Technology offers specialist services in key expert functions: intellectual property protection, standardization, information retrieval, materials technology as well as Volvo Production System. We develop functions, structures and technologies for soft products, transport systems, complete vehicles, powertrains, vehicle electronics, manufacturing, maintenance, etc. Volvo Technology has today approximately 500 employees.
Volvo Powertrain coordinates the Volvo Group driveline operations and is responsible for the development and manufacturing of heavy diesel engines, gearboxes and driveshafts. The Volvo Group has common engine platforms that fulfil the latest environmental requirements, a more focused research and development program, more efficient production and a more focused supplier structure. Volvo Powertrain has approximately 8300 employees.
Volvo 3P is responsible for product planning, product development and purchasing for the Group’s truck companies. Product planning involves having the right products over the longer term. Product development focuses on chassis, cabins and electrical systems. Volvo 3P has today close to 4000 employees worldwide.