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The Volvo Deal was a plan for industrial cooperation between Norway and Sweden whereby Norway would get 40% of the shares of the Volvo car manufacturing concern, while Volvo would get control over oil resources on the Norwegian continental shelf. [1]
Volvo Cars Torslanda (VCT) YV1: 1: Torslanda, Sweden: 1962–present: Second Volvo Car plant: Manufacturing: XC60, V60, V60 Cross Country, V90, V90 Cross Country, XC90: Worldwide Debut model: Volvo Amazon: Dartmouth Plant: Dartmouth, Nova Scotia, Canada: 1963–1967 [2] First Volvo Car plant outside Sweden [3] Assembly [2] Canada
Torslanda production was supported by operations in Canada at Volvo Halifax Assembly and Volvo Kalmar Assembly and later with plants in North America (Chesapeake, Virginia), and later Ghent, Belgium. Originally employing about 2500 people the plant became Sweden’s largest workplace. [ 1 ]
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In 1963, Volvo opened the Volvo Halifax Assembly plant, the first assembly plant in the company's history outside of Sweden, in Halifax, Nova Scotia, Canada. [19] In 1964, Volvo opened its Torslanda plant in Sweden, which currently is one of its largest production sites (chiefly large cars and SUVs). [20]
TOKYO/STOCKHOLM (Reuters) - Sweden's Volvo AB will sell its Japan-based UD Trucks business to Isuzu Motors in a deal worth around $2.3 billion, exiting a low-margin business and boosting its cash ...
The Volvo Kalmar plant was a production facility of Volvo Cars, just outside Kalmar, Sweden. Construction began in 1971 and it opened in 1974. [ 1 ] The plant was one of the most revolutionary automotive production plants in the world at the time.
Swedish truck maker AB Volvo <VOLVb.ST> reported a smaller than expected fall in fourth-quarter earnings in the face of slowing demand and announced plans on Thursday for a payout to shareholders ...