Our history - 1988

1988

  • Volvo allocated SEK 20 million to the setting up of the "Volvo Environmental Prize", with an annual prize amounting to one and a half million Swedish kronor.
  • The new 440, the medium-segment car, soon became a favourite front-wheel drive family car as a complement to the larger, rear-wheel drive 240, 740 and 760 models.
  • White trucks became known as WhiteGMC in 1988.
  • Volvo Bus Corporation announced this year that the company had taken over the bus building division of Leyland in Britain. Leyland was renowned especially for its double-decker models.