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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.
In 1979, Volvo BM's agricultural equipment business was sold to Valmet. [16] Later, through restructuring and acquisitions, the remaining construction equipment business became Volvo Construction Equipment. [14] In the 1970s, Volvo started to move away from car manufacturing to concentrate more on heavy commercial vehicles.
Volvo LV63 Truck 1929 Volvo L495 Titan Truck 1965 Volvo F88-49T Truck 1970. When Volvo manufactured its first automobiles in 1927, the first truck was already on the drawing table. In early 1928, the LV series 1 was presented to the public. Though by modern standards it was merely a truck, it was an immediate success and 500 units were sold ...
The latest alliance was announced Tuesday between Sweden's Volvo Group and California-based Aurora Innovation, building on a working relationship that dates back several years, the partners said.
Manufacturers include Volvo CE, Caterpillar, Terex, John Deere/Bell Equipment, [1] Moxy/Doosan, Astra and Komatsu Limited. [2] With half of the global sales, Volvo is the market leader in the segment, and is also the prime pioneer of the vehicle, enabling its introduction to the markets in 1966.
Heavy equipment, heavy machinery, ... Volvo, [3] Liebherr, [4] and Bobcat have released or have been developing fully or partially electric-powered heavy equipment ...
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