AB Volvo Company Profile – AB Volvo Overview
AB Volvo (Volvo) provides commercial transport solutions. The company also manufactures and sells equipment for the construction market and drive systems for marine and industrial applications. The company also provides industrial information technology (IT) solutions, logistics solutions and support services such as roadside assistance, fuel management, and driver training. The company manufactures a wide range of medium-heavy to heavy trucks for regional transport, long-haul and construction operations under the Volvo, Renault Trucks, Mack Trucks, and UD brands. Volvo operates production facilities in several countries and markets its products worldwide, including Sweden, France, Japan, the US, China, Brazil, and South Korea. Volvo is headquartered in Gothenburg, Sweden.
Headquarters
Sweden
Address
Gropegardsgatan 2, Goeteborg, 41715
Website
www.volvogroup.com
Telephone
46 31 660000
No of Employees
102,000
Industry
Automotive
Ticker Symbol & Exchange
VOLV B (STO)
Revenue (2023)
$46.8B
27.2%
EPS
XYZ
Net Income (2023)
XYZ
-0.2%
Market Cap*
$41.9B
Net Profit Margin (2023)
XYZ
-21.6%
* As of and is in US$
Mục Lục
AB Volvo premium industry data and analytics
500
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Products and Services
Products
Services
Brands
Trucks
Customer financing
Volvo
Buses
Insurance services
Renault Trucks
Components for aircraft and rocket engines
Treasury operations
Volvo Penta
XYZ
XYZ
XYZ
XYZ
XYZ
XYZ
XYZ
XYZ
XYZ
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year
Event
Description
2023
Acquisitions/Mergers/Takeovers
In April, Volvo Penta acquired a minority stake in Utility Innovation Group.
2023
Plans/Strategy
In March, the company announced its plans to close its body building factory in Wroclaw, Poland.
2023
Contracts/Agreements
In March, the company entered into an agreement with JP Morgan under which the company’s end-to-end payments solution will power Volvo ’s new online direct to consumer sales model for first electric car roll out in India.
Competitor Comparison
Key Parameters
AB Volvo
Volkswagen AG
Mercedes-Benz Group AG
Caterpillar Inc
Deere & Co
Headquarters
Sweden
Germany
Germany
United States of America
United States of America
City
Goeteborg
Wolfsburg
Stuttgart
Irving
Moline
State/Province
–
–
Baden-Wurttemberg
Texas
Illinois
No. of Employees
102,000
675,805
168,797
109,100
82,200
Entity Type
Public
Public
Public
Public
Public
Executives
Name
Position
Board
Since
Age
Carl-Henric Svanberg
Chairman
Executive Board
2012
71
Martin Lundstedt
Chief Executive Officer; Director; President
Executive Board
2016
56
Andrea Fuder
Executive Vice President – Trucks Purchasing; Chief Purchasing Officer
Senior Management
–
56
Scott Rafkin
Executive Vice President; Chief Digital Officer
Senior Management
2020
54
Jan Ytterberg
Chief Financial Officer – Acting
Senior Management
2022
62
Non Dignissim Eros
Proin vel
Convallis
2023
XY
Non Dignissim Eros
Proin vel
Convallis
2023
XY
Non Dignissim Eros
Proin vel
Convallis
2023
XY
