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In 1995, VME became a fully owned Volvo company and changed its name to Volvo Construction Equipment. In 1998, Volvo CE became the first foreign company to invest in Korea. The acquisition of Samsung Heavy Industries (Construction Equipment Division) increased its sales and presence in Asia. In January 2007, Volvo purchased 70% of SDLG.
The Volvo VN (also known as the Volvo VNL) is a heavy-duty truck produced by the Swedish vehicle manufacturer Volvo Trucks. Initially developed in North America, it was introduced in 1996 as the second generation Volvo Class 8 tractor. For the 2000 model year, the VN was officially renamed VNL.
While its core activity is the production, distribution and sale of trucks, buses and construction equipment, Volvo also supplies marine and industrial drive systems and financial services. In 2016, it was the world's second-largest manufacturer of heavy-duty trucks with its subsidiary Volvo Trucks. [5] Volvo was founded in 1927.
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 B36 was discontinued in 1973, although it was no longer used in trucks after 1966. It was the last petrol truck engine built by Volvo and the only V8 engine used in any vehicle, except for the newer Yamaha-built units used in the Volvo XC90 and S80. A marine version, the Volvo Penta AQ180, was available, featuring 180 hp with twin carburetors.
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