Our history - 1994

1994

  • A new Board was elected in January 1994. Volvo now chose a new strategy: everything not directly connected with core operations, everything not associated with vehicles or transport, would be divested.
  • When it came to the company's products, many new features were presented in the fields of safety and the environment. Volvo Trucks, for example, introduced a new airbag specially designed for heavy trucks, for the driver's seat.
  • Remaining holdings brought together within the Fortos Group.
  • The first Volvo bus in China was produced by Xian Silver Bus.
  • Volvo Penta in joint venture with Detroit Diesel Corporation (DDC) in early 1994.
  • Volvo won the 1994 'Truck of the Year' award for the FH truck series.