Volvo Penta Completes Transition to New Generation • New Technology Gasoline Sterndrive Line-Up; Exits Low Horsepower, Carbureted Market

With the formal launch of the new 4.3Gi, 200 hp entry level V6 engine, Volvo Penta completed the innovative transition to the New Generation • New Technology gasoline sterndrive line-up it started one year ago.

“Our decision to exit the low horsepower, carbureted engine market allowed our engineers to focus their energy on creating state of the art propulsion packages designed to deliver great boating experiences even at the entry level,” stated Clint Moore, President and CEO of Volvo Penta of the Americas. “For many years, a low horsepower engine was a boater’s first experience with a sterndrive boat. Times have changed. As with today’s car buyers, a new boater is more knowledgeable than ever before with understandably high expectations. We believe those expectations are only met by higher horsepower, more technically sophisticated engines. We build the engines that are designed to keep people in boating.”

The Volvo Penta 2012 program year line-up features the most innovative, technologically advanced gasoline sterndrive offering in the industry.  Now all Volvo Penta sterndrive engines feature multi port fuel injection, electronic throttle control and advanced engine monitoring system for reliable starts, high performance and perfect speed control. No other sterndrive manufacturer can make the same claim. Every Volvo Penta V6 model features power steering and tuned intake manifolds for increased torque and improved acceleration. “All boaters, from entry level to high end, deserve the best that technology can offer. Boat builders and dealers seem to agree; demand for the 4.3 Gi, 200 hp engine, the most technically advanced 4.3L engine available today, has exceeded our expectations,” noted Moore.

“Our development momentum is continuing, declared Moore, as a result of millions of dollars in product investment over the past three years.” Early next year, Volvo Penta will introduce a 225 hp catalyzed engine. Later in 2012, Volvo Penta will unveil an entirely new product that will take gasoline sterndrive power to the next level. “Volvo Penta has proudly served the marine industry for over 100 years. We are excited to build on our heritage and tradition of innovation in the coming years through continuous introduction of technologically advanced, high quality and reduced emission gas and diesel propulsion systems to meet the evolving demands of customers throughout the world,” Moore concluded. Volvo Penta’s entire line of gasoline and diesel engines and innovative IPS and sterndrive systems propel boats ranging from 18 to over 100 feet.
 
About Volvo Penta
Volvo Penta, with more than 4,000 dealers in over 130 countries, is a world-leading and global manufacturer of engines and complete power systems for both marine and industrial applications. Volvo Penta is part of the Volvo Group, one of the world’s leading manufacturers of trucks, buses, construction equipment, drive systems for marine and industrial applications and aerospace components and services. For more information, please visit http://www.volvopenta.com/.

About the Volvo Group
The Volvo Group is one of the world's leading manufacturers of trucks, buses and construction equipment, drive systems for marine and industrial applications, and aerospace components, and is one of the world's leading producers of heavy-diesel engines (9-16 liter). The Group also provides complete solutions for financing and service. The Volvo Group, which employs more than 90,000 people, has production facilities in 19 countries and sells their products in more than 180 markets. Volvo Group sales for 2010 amounted to 36.7 BUSD*. The Volvo Group is a publicly-held company headquartered in Gothenburg, Sweden. Volvo Shares are listed on Nasdaq OMX Nordic Exchange and are traded OTC in the US.