AB Volvo's subsidiary, Volvo IT, is signing a new three-year agreement involving all mainframe operations for Ford-owned Volvo Cars. The agreement represents the continuation of a 40-year partnership.
The introduction of a new Volvo CE hard hat, to be offered with every new machine sold, is just one step in the company's major programme to improve work site safety.
Volvo Buses has received an order for 64 buses to the Bus Rapid Transit System in Curitiba, Brazil. Forty of the buses ordered are Volvo's 25-meter bi-articulated buses with space for 270 passengers.
Claes Nilsson has today been appointed Senior Vice President, responsible for International Division at Volvo Trucks. In this position he will be a member of the Truck Executive Group.
The Volvo Group’s first quarter was strong. Demand in Europe strengthened and order bookings for trucks, construction equipment, buses and marine engines increased significantly.
At the Annual General Meeting of AB Volvo held on April 5, 2006, the Board's proposal to pay a dividend to the shareholders of SEK 16,75 per share, a total of about SEK 6,775 M, was approved.
Total deliveries of trucks from the Volvo Group’s three truck companies decreased 3% through February this year, compared with the year-earlier period.
In conjunction with the opening of the Mid-America Trucking Show in Louisville, Kentucky (USA), Volvo Trucks North America will launch two models with new cab variants for the prestige segment, the Volvo VT830 and Volvo VN730.
AB Volvo has today acquired 40 million common shares, corresponding to 13% of the shares, in the Japanese truck manufacturer Nissan Diesel from Nissan Motor, with an option to acquire the remaining 6% of the shares from Nissan Motor within four years. The purchase price is approx SEK billion 1.5.
The Volvo Group has opened new office and distribution facilities in Dubai, United Arab Emirates. The facilities comprise a parts distribution center, competence development center and representation offices.