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President and CEO of Volvo Group Martin Lundstedt (born 28 April 1967 in Mariestad, Sweden) is a Swedish businessman and has been President and CEO of the Volvo Group since 22 October 2015. He has 25 years experience in development, production and sales within the heavy automotive industry.
Volvo Trucks (Swedish: Volvo Lastvagnar) is a truck manufacturing division of Volvo based in Gothenburg, Sweden. Volvo Trucks was a separate company within Volvo. The Volvo Group was reorganised on 1 January 2012 and as a part of the process, Volvo Trucks ceased to be a separate company and was instead incorporated into Volvo Group Trucks along ...
AM General also acquired Department of Defense contracts for medium and heavy trucks, including the M151 series, [30] 2 1/2 ton M35 series, and 5 ton M809 series in the 1970s, then the M939 series in the 1980s. In 2005, AM General was contracted to take over militarization, sales, and marketing of LSSV vehicles. [31] [6]
The Group has about 100,000 employees and production facilities in 19 countries. Decisions adopted under Johansson's leadership: 1998 Acquisition of Samsung's excavator operation, South Korea 1999 Sale of Volvo Cars to Ford Motor Company 2001 Acquisition of Renault Trucks, France, and Mack Trucks, USA 2006 Acquisition of Nissan Diesel, Japan
The Volvo Group (Swedish: Volvokoncernen; legally Aktiebolaget Volvo, shortened to AB Volvo, stylized as VOLVO) is a Swedish multinational manufacturing corporation headquartered in Gothenburg. While its core activity is the production, distribution and sale of trucks, buses and construction equipment, Volvo also supplies marine and industrial ...
In January 1984, [2] he was promoted to the dual responsibility of vice president and group executive in charge of the Buick-Oldsmobile-Cadillac group. He was elected to the board of directors (February, 1986) [ 2 ] and became CEO (August, 1990) [ 2 ] where he served until he was voted out in 1992 – shortly after a recession when GM had ...
While at Vanderbilt, he started working at General Truck Sales, the nation's largest privately owned GMC truck outlet. [1] In 1957, he purchased the north Alabama dealership for Caterpillar Inc. and called it Thompson Tractor. [1] [2] New tractor facilities were built in Anniston, Decatur and Tuscaloosa. [1]
One of the most controversial decisions made during Smith's tenure was the partial elimination of divisional autonomy in 1984. In the 1920s, chairman and CEO Alfred Sloan, Jr. had established semi-autonomous divisions within the corporation, each designing and marketing their own vehicles (Chevrolet, Pontiac, Oldsmobile, Buick and Cadillac).