Press releases 1998

Volvos teknikpris 1998 har tilldelats den projektgrupp, som utvecklat Volvo Personvagnars system för fyrhjulsdrift ? All Wheel Drive. Fyra entusiaster ? Conny Börjesson, Håkan Svensson, Kent Johansson och Hans-Olof Arvidsson ? delar på prissumman, 100.000 kr.

Volvo's car plant in Torslanda with its 4,500 employees has demonstrated that it has an extremely well-organised environmental programme. With a coveted ISO 14001 certificate from the accreditation company Lloyd's Register in its pocket, the Volvo plant plans to continue its environmental commitment.

Birka Service övertar delar av Volvo Aeros reparationsverkstad i Arboga. Birka Service kommer där att bygga upp resurser för reparationer och driftservice av utrustning till de energianläggningar företaget underhåller.

BTM Capital Corporation, a wholly-owned subsidary of The Bank of Tokyo-Mitsubishi Ltd, and Volvo Aero Corporation, jointly through their respective subsidiaries, Engine Lease Finance (ELF) and the AGES Group, have formed a new company for leasing of aircraft engines.

Volvo GM Canada Heavy Truck Corporation is buying back GM Canada's shares in the company and changing the company's name to Volvo Trucks Canada Inc. As a result, Volvo Trucks will be the sole owner of Volvo Trucks Canada Inc.

Volvo Trucks has inaugurated a new subsidiary in Belgrade, Yugoslavia. The new company, Volvo Beograd D.O.O., will be the base for the entire Yugoslavian market for Volvo trucks and buses.

Kato Works Co. Ltd. launced its All-Terrain Crane KA-900 with two Volvo engines at Bauma 98 International Construction Equipment Exhibition in Munich, Germany.

Volvo har via sitt fastighetsbolag Danafjord Fastigheter AB undertecknat ett avtal med Eriksbergs Förvaltnings AB om att förvärva mark och industrilokaler i Arendal i Göteborg. Avtalet innebär att Volvo förvärvar mark och industrilokaler till en köpeskilling om 180 miljoner kronor.

Volvo Construction Equipment Group is entering the 30 t wheel loader class with the launch of the new Volvo L220D which features a unique load-sensing hydraulic system.