Following a Memorandum of understanding between Volvo Truck Corporation and the City of Moscow in September 1998, a pilot assembly has been carried out in Moscow.
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Volvo Trucks' deliveries up to April 1999 recorded a total of 27,305 units. Sales showed the following distribution:
Volvo today acquired a total additional 4,839,200 A shares and 4,951,670 B shares in Scania.
Volvo has acquired a total of 1,401,500 A shares and 2,971,200 B shares in Scania. The shares have been acquired at an average price of SEK 228 per share.
Boeing and Volvo Aero have reached an agreement under which Volvo Aero, through its American company The AGES Group, is granted exclusive rights to market and sell new spare parts to the fleet of Boeing aircraft on the world market.
Volvo Aero is acquiring Jet Support Corporation in Seattle, Washington for SEK 60 M. The purchase is a result of the agreement between Boeing and Volvo Aero giving Volvo Aero exclusive rights to market and sell spare parts to the fleet of Boeing aircraft on the world market.