Press releases 1999

Volvo is forming a new wholly owned import company that will be responsible for Volvo's operations in southern Africa.

Not for distribution in U.S., Australia, Canada or Japan

Few scientists have had as great an impact on the world's food supply as Dr M. S. Swaminathan. In the 1960s, he led the process of transforming India from a nation with a chronic food shortage into a country self-sufficient in its food needs. His pioneering cultivation methods and innovative agricultural policies have since been implemented in many countries the world over, and today form a cornerstone for global food supply. Throughout his life, Dr Swaminathan has fought against poverty and social injustice, and has dedicated equal energy to securing the rights of women and children in society. At the age of 74, his pace of involvement continues unabated. At the M. S. Swaminathan Research Foundation in Chennai in southern India, he runs a number of projects aimed at demonstrating how mode

Based on an initial examination, the European Commission yesterday decided that an extended examination of Volvo's acquisition of Scania would be required.

New Volvo EC210 and EC240 excavators offer high performance, superior operator comfort, and many new features as standard.

Volvo and Mitsubishi Motors have signed an agreement about ownership cooperation and a letter of intent covering the formation of a strategic alliance for trucks and buses. Volvo is initially acquiring a 5% interest in Mitsubishi Motors and Mitsubishi Motors is acquiring a 5% holding in Volvo.

Volvo announce its largest bus order ever from Belgium, covering 192 bus chassis. The customer, V.V.M. De Lijn, is one of Belgium's leading public transport operators, well-known to the public under the De Lijn name.

An agreement about deliveries of 110 heavy-duty Volvo trucks to China has been signed by Karl-Erling Trogen, President of Volvo Truck Corporation and Mr Liu Zhenya, President and Chairman of the Board of Shandong Electrical Power Company (SEPCO), one of China's largest companies for production and distribution of electrical power in the province of Shandong.

The sales trend for the Volvo Group has remained positive during the third quarter of 1999. This was revealed during presentations by the Volvo's Group Executive Committee in conjunction with Volvo's Capital Market Day, held today in Göteborg, Sweden (September 29).

An Extraordinary General Meeting in Volvo today approved the Board's resolution regarding a new issue of shares as a consequence of Volvo's offer to Scania's shareholders. In addition, Volvo's Board of Directors was expanded through the addition of Marcus Wallenberg, President of Investor.