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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]
Sweden's AB Volvo has picked Monterrey in northern Mexico as the site for its new North American heavy-duty truck factory and expects construction to cost $700 million, it said on Friday. Volvo ...
Volvo nearly merged with Saab in the late seventies, while in 1978 an aborted affair would have seen the Norwegian state take over 40 percent of the company. In return, Volvo would receive 200 million SEK and a ten percent concession in the Oseberg oil field. Major institutional actors in Sweden opposed the deal and blocked it. [23]
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Volvo launched an important new model, the 300 series hatchback, in 1976, which sold well in Sweden and in many other parts of Europe, including the United Kingdom, where it was the best selling foreign car in 1982 and remained among the most popular imports there for the rest of the decade. The 300 was initially only available as a three-door ...
Swedish automaker Volvo Cars on Wednesday abandoned its near-term goal of only selling electric vehicles, citing a need to be “pragmatic and flexible” amid changing market conditions and ...
Sweden's AB Volvo is joining forces with Nvidia Corp to develop artificial intelligence used in self-driving trucks, in a boost for the U.S. chipmaker that was dropped by Tesla Inc last year. The ...
Renault would assist Volvo with entry-level and medium segment vehicles and in return, Volvo would share technology with Renault in upper segments. In 1993, a 1994 Volvo-Renault merger deal was announced. The deal was barely accepted in France, but it was opposed in Sweden, and the Volvo shareholders and company board voted against it.