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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]
Canada: 1963–1967 [2] First Volvo Car plant outside Sweden [3] Assembly [2] Canada Third non-domestic automobile plant in North America Debut model: Volvo Canadian [4] Canadian assembly shifted to Halifax Plant (1967) [2] Ghent Plant Volvo Car Gent (VCG) YV1: 2: Ghent, Belgium: 1965–present: Second Volvo Car plant outside Sweden: Assembly ...
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.
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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]
In 1986, Volvo Canada announced plans to construct a new plant to build the Volvo 740, which the company said required more space for assembly than the existing factory could provide. [9] The new C$13.5-million plant, located in the Bayers Lake Industrial Park, began operating in late 1987, and achieved full production in April 1988. [10]
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 ...
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 ...
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