For nearly eight decades already, Volvo has been remaining the world leader in producing commercial vehicles, trucks and buses, as well as construction equipment. Currently the company has about 81,000 employees, manufacturing equipment in 25 countries, and sales in 185 markets. As of 2004, net sales totaled $28 billion. 20% of the Volvo Group is owned by Renault.
The first Volvo truck was presented to the public in 1928, one year after manufacturing of their first automobile. It was a success, and before summer, 500 units were sold. The Volvo trucks Series 1 were not powerful, equipped with a four-cylinder petrol engine. Their speed was limited to 50 km/h. Unlike other trucks produced in this period, these trucks were completely designed by the company, including the gearbox, the engine and the original Volvo wheels. The first truck had a dimension of 1,300 mm, which was identical to the Volvo car. Because these narrow Volvo trucks didn't fit into cart tracks, the Series 2 was given a track of 1,460 mm.
Over the years Volvo has proved a successful manufacturer, establishing offices and dealerships in many developed countries, including Hong Kong, China, South Korea, Taiwan, Brazil and the United Kingdom. Today, Volvo trucks are sold in over 135 countries through more than 1,500 workshops and 700 dealerships. The production occurs in Sweden, Brazil, Belgium, and the United States, while the truck assembly operations take place in many countries via collaboration with local industrial concerns. With 95% of the Volvo trucks built in the heavy weight class, the Volvo Truck Corporation is regarded as the third largest manufacturer of heavy-duty trucks in the world.
One of the vital concerns in the automobile industry is safety, the part of which is protecting drivers in emergency situations. The safety of Volvo trucks is continuously and thoroughly tested in the laboratories and on the roads where they are used. Generally, safety is approached from such major perspectives as preventing accidents and reducing injuries, both of them are under investigation of Volvo Accident Research Team.
One of the guiding principles of the company is the product quality, which is the comfort and efficiency you experience in the cab. Quality in Volvo trucks deals not only with the product itself, but has much to do with the support you receive from dealers. That means that the parts you need are available as quickly as possible, regardless of where your business takes you. Due to Volvo's extensive network, workshops are within reach at any time, providing around-the-clock assistance and repairs. Environmental care is also one of their greatest concerns, requiring adequate approach. The first environmental policy was developed in the early 1970's, and since 1990, the environmental care has been one of the company's guiding principles. Taking into consideration the fact that more than 90% of environmental impact caused by trucks occurs during their working life, Volvo pays particular attention to engine efficiency, noise reduction and better running efficiency.