This is who we are

About Volvo Group

Volvo Group drives prosperity through transport solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers’ uptime and productivity. We are committed to shaping the future landscape of sustainable transport and infrastructure solutions.?Our headquarter is located in Gothenburg, Sweden, and our shares are listed on Nasdaq in Stockholm, Sweden.

Quick facts about us

104,000

Number of Volvo Group employees.

18

Countries we have production in.

190

Markets we sell our products in.

SEK 432 billion

Net sales in 2019.

1927

Year Volvo Group was founded.

World map with the percentages for Volvo Group's share of net sales by market in each continent

Strong positions globally

Thanks to competitive product programs, strong dealers with extensive service networks and increasingly more complete offerings, the Volvo Group has established leading positions on a global market. The Group is one of the world’s largest manufacturers of heavy-duty trucks, construction equipment, buses and heavy-duty diesel engines as well as a leading supplier of marine and industrial engines. These positions provide for economies of?scale in product development, production, purchasing and financial services.

The logos of Volvo Group's brand portfolio

Strong brands

The Volvo Group’s brand portfolio consists of Volvo, Volvo Penta, UD Trucks, Terex Trucks, Renault Trucks, Prevost, Nova Bus, Mack and Arquus. We partner in alliances and joint ventures with the SDLG, Eicher and Dongfeng brands. By offering products and services under different brands, the Group addresses many different -customer and market segments in both mature markets and growth markets.

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Volvo Group flags

Our Mission, Vision and Aspirations

Our solutions to global challenges are driven by our mission to drive prosperity through transport solutions, and our vision to be the most desired and successful transport solution provider in the world. Our aspirations guide us on our journey and ensure that we are on the right track.

Our mission, vision and aspirations
Two Volvo Group workers in a Volvo factory wearing blue shirts

Our Values

Our company culture is how we interact with each other, with our customers and with society as a whole, to achieve our business objectives. It is rooted in our history and is critical to our company’s long term success. It is the foundation on which everything else is built.

Our values
Volvo Group bus with the iron mark logo

Our Strategy

The foundation of our strategy is to create value by supporting our customers’ profitability. There are many paths to pursue to take on opportunities and challenges and our?seven strategic priorities consist of areas with large benefits for both customers and Volvo Group.

Our Strategy
Volvo Group's new self driving truck Vera

Innovation

Innovations within transport will reshape the cities of tomorrow. Automated driving, electromobility and connected vehicles will allow quieter, cleaner and safer megacities to grow and prosper. For us at Volvo Group, technology means the aspiration to move forward, constantly working together to improve and do better.

Innovation
One of the first Volvo Group cars driving out of a factory on Hisingen

History and R&D milestones

Since 1927, Volvo has developed from a small local industry to one of the leading suppliers of commercial transport solutions providing products such as trucks, buses, construction equipment, and drive systems for marine and industrial applications.

History and R&D milestones
A montage of Volvo Group employees

Careers

Every day and across the globe, our products services make modern life possible. With major technological paradigm shifts ahead, that will completely change the way we live, there have never been more exciting times working in the transport industry.?

Careers

Competitive products and world-class services

The Volvo Group’s products have been developed to contribute to efficient transport and infrastructure solutions and to provide our customers with uptime. We drive the development of electrified vehicles and machines as well as automated solutions for the benefit of customers, society and the environment. Sales of new vehicles, machines and engines as well as?used vehicles and machines, superstructures and special vehicles accounted for 77%?of the Group’s net sales in 2019. Sales of vehicles and machines build a?population of?products that drives spare parts sales and service revenue.

In addition to vehicles and machines, the offering includes various types of services such as insurance, rental services, spare parts, repairs, preventive maintenance, service agreements and assistance services. The range and flexibility of the offering means that the solutions can be tailor made for each customer to maximize uptime and productivity.

The service business contributes to balancing the fluctuations in the sales of new products and is an area of priority. Sales of services accounted for 20% of net sales in 2019. The Group also offers financing for customers and dealers. Financial Services provided financing for 25% of the products sold by the Group in 2019, measured in the markets where financing is offered.

Grey Volvo truck driving on a country road at sunset

Trucks

The truck operation’s product offer stretches from?heavy-duty trucks for?long-haulage and construction work to light-duty trucks for distribution. The offering also includes maintenance and repair services, financing and?leasing.

Learn more about Trucks
A R70D tip truck from Volvo

Construction Equipment

Volvo CE is one of the leaders in the development of products and services for the construction, extraction, waste processing, forestry and materials handling sectors.

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Purple Volvo bus in the middle of a turn

Buses

Volvo Buses is a leader in the development of sustainable public transport solutions and is one of the world’s largest manufacturers of premium buses, coaches and bus chassis. Volvo Buses has sales in 85 countries and a global service network with more than 1,500 dealerships and workshops. Production facilities are found in Europe, North America, South America and Asia.

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Black and green Volvo Penta engine

Volvo Penta

Volvo Penta aims to be the most forward thinking and customer focused supplier of sustainable power solutions. Volvo Penta provides engines and power solutions for leisure and commercial boats, as well as for power generation and industrial, off-road applications.

Learn more about Volvo Penta
A Volvo Group employee helps a customer

Financial Services

Volvo Financial Services (VFS) offers competitive financial solutions which strengthen long-term relationships with Volvo Group customers and dealers. As the number one provider of financial solutions for Volvo Group products, VFS delivers value to customers and builds loyalty to the Volvo Group brands through ease of doing business, speed to market, and knowledge and expertise of the industry.?

Learn more about Financial Services