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Volvo Group took complete ownership of Nissan Diesel in 2007 to extend its presence in the Asian Pacific market. [10] [30] Renault sold 14.9% of their stake in AB Volvo in October 2010 (comprising 14.9% of the share capital and 3.8% of the voting rights) for €3.02 billion. This share sale left Renault with around 17.5% of Volvo's voting ...
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 ...
The Volvo C30 is one example of a Volvo produced under Ford ownership. Volvo Car Group was part of Ford Motor Company's Premier Automotive Group (PAG), along with Jaguar, Aston Martin and Land Rover. While part of the PAG, the company significantly expanded its range of vehicles.
Initially, Ford achieved only a tepid market with its D3 vehicles, though after the PAG group divested itself of Volvo, the Fifth Generation Explorer enjoyed broad market success. Geely was reported to have approached Ford in mid-2008 about a possible takeover of Volvo Cars. On 28 October 2009, Ford named Geely the preferred buyer of Volvo Cars.
This acquisition facilitated Volvo's recovery and brought significant technological and managerial advancements to Geely. Under Geely ownership, Volvo Cars has developed a new line of 3- and 4-cylinder diesel and petrol engines to replace larger engines. It has also developed a new vehicle platform called the Scalable Product Architecture (SPA ...
The German automotive company Volkswagen Group gained ownership of Scania by first buying Volvo's stake in 2000, after the latter's aborted takeover attempt, increasing it to 36.4% in the first quarter 2007. [25] It then bought out Investor AB in March 2008, raising its share to 70.94%. [26] The deal was approved by regulatory bodies in July 2008.
Volvo Group's venture capital arm became a strategic investor in Waabi in 2023 and also participated in the startup's $200 million Series B fundraising round last year. Waabi counts Khosla ...
Consolidation of the automobile industry is an ongoing occurrence. Behind each automobile brand lies larger parent corporations.Auto mobile corporations, external corporations and private shareholders commonly own varying amounts of multiple auto mobile corporations, thus resulting analysis of relationships between auto mobile corporations becomes increasingly complicated.