Volvo trucks

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Volvo Lastvagnar Aktiebolag

logo
legal form Corporation
founding 1928
Seat Gothenburg , Sweden
management
  • Roger Alm
    (Managing Director / President)
  • Diana Niu
    (Member of the Board)
Branch commercial vehicles
Website www.volvotrucks.de

Volvo Trucks ( Swedish Volvo Lastvagnar ) is a Swedish truck manufacturer with headquarters in Gothenburg , and part of the Volvo Group . Its history goes back to the first Volvo truck from 1928. The company set standards in the areas of quality, safety and environmental protection. Electromobility is now playing a decisive role. Since taking over Renault Trucks in 2001, Volvo Trucks has been the market leader in commercial vehicles in Europe.

history

On February 20, 1928, Swedish newspapers reported on the first Volvo truck. It had a payload of around one and a half tons . While the production of commercial vehicles near Gothenburg was initially only intended to compensate for losses in the automotive sector, it developed into an important business area in the 1930s. Trucks became an integral part of the model range and Volvo became the largest manufacturer of commercial vehicles in Sweden even before Scania .

During the Second World War , Volvo became the main supplier to the Swedish armed forces . The so-called round nose truck was a model with a simplified design and all-wheel drive . In the 1950s and 1960s, the company developed many technical innovations, such as diesel engines with direct injection and a tilting driver's cab. Although truck production was in the red in the 1960s, Volvo continued the business. In the 1970s, the model range was comprehensively renewed; The focus was on ergonomics, comfort and safety. In the 1980s and 1990s, the company refined its technical innovations. Environmental protection took on an ever greater role. Volvo also invested in digital platforms for managing, planning and controlling fleets.

In 1999 Volvo sold its passenger car division to Ford in order to concentrate fully on the truck business. A long-term cooperation was agreed with Mitsubishi's truck division. After the European Commission had not approved a planned merger with Scania, Volvo Trucks itself was considered a candidate for a takeover due to the low number of units. In 2001, the company secured a promising market position with the purchase of Renault's truck division . It rose to become the market leader in Europe and the second largest international provider. With the US subsidiary Mack Trucks , which Renault had taken over in the 1990s, the company stabilized its business in the United States.

In the 2000s, Volvo Trucks became the first manufacturer to develop a hybrid engine for trucks. This increased the profitability by around a third. The company also researched alternative drives, for example a methane diesel engine and a drive with liquefied natural gas , which promises significantly reduced CO 2 emissions. Catalysts and diesel particulate filters also improved environmental friendliness. The company advocated the use of assistance systems at an early stage, in particular to avoid rear-end collisions due to inattention. Volvo Trucks is now working on autonomously driving trucks.

After years of growth, the global financial crisis hit the company from 2008 onwards . Hundreds of jobs were cut, and three years later Volvo Trucks returned to profitability. In order to expand the presence in Asia, a stake in a joint venture between Nissan and Dongfeng was acquired, which in 2013 resulted in the acquisition of 45% of Dongfeng's truck division. While there was little change in Europe and the United States, Volvo Trucks gained access to the important Chinese market. In the media, the transaction was seen primarily as an attack on the market leader Daimler .

In January 2019, the Volvo Group announced the best business performance ever for Volvo Trucks.

structure

The company's parent company is Volvo Lastvagnar Aktiebolag , a stock corporation under Swedish law. Their subject matter extends to the research, development, manufacture and sale of motor vehicles as well as accessories, spare parts and services. The company's share capital is at least 150 million and not more than 600 million crowns . It is divided into A and B shares, the voting rights of which differ in a ratio of ten to one.

Volvo Lastvagnar Aktiebolag (Volvo Trucks) is 100% owned by Aktiebolaget Volvo (Volvo Group). The company is fully consolidated by the group. There are subsidiaries in various countries, including the German Volvo Group Trucks Central Europe GmbH based in Ismaning .

The supreme steering and control body of the company is the board of directors , comparable to the board of directors in the Anglo-American region. Its members are Roger Alm (Managing Director and President Volvo Trucks since January 2019), Martin Lundstedt (Chair of the Board) and Diana Niu (Member of the Board). In addition, several authorized signatories have been appointed.

Models

Volvo FH (2015)
Volvo FMX (2014)
Volvo FE Electric (2018)

Volvo Trucks has been specializing in heavy truck construction for a long time. These start with a permissible total weight of 12 tons and have been in increasing demand on the market since the 2000s.

The company currently offers the following series in Europe:

Volvo FH

The Volvo FH is intended for long-haul transport and focuses primarily on driver comfort, safety and economy.

Volvo FH16

The Volvo FH16 is the most powerful series-produced truck in Europe. It is the flagship of Volvo Trucks.

Volvo FM

The Volvo FM is a versatile truck that is mainly used in distribution traffic over relatively short distances.

Volvo FMX

As a variant of the Volvo FM distributor, the Volvo FMX is primarily used on construction sites. Among other things, it has more ground clearance.

Volvo FE

The Volvo FE is a versatile and compact truck for regional distribution transport that also drives for garbage collection .

Volvo FL

The Volvo FL is the smallest truck that is characterized by its compact dimensions and economical engines.

criticism

In 2018, Volvo Trucks discovered problems with emission control . A component to control the emission of pollutants wore out faster than expected, which could possibly exceed the permissible emission values . Volvo Trucks announced a full investigation. With the introduction of the new Euro 6d emissions standard in 2019, this problem should no longer exist.

Web links

Commons : Volvo Trucks  - Collection of Images

Individual evidence

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