Volvo Group (OTC: VLVLY)
Farm & Heavy Construction Machinery · Gothenburg, Sweden · Founded 1927
- Market capitalization: $45.0 billion
- Annual revenue: $50.0 billion
- Net income: $4.0 billion
- Employees: 100,000
- Sector: Industrials
- Headquarters: Gothenburg, Sweden
- Founded: 1927
Source: Statvoo company profile for Volvo Group. Browse all 500+ companies
Volvo Group (not Volvo Cars, which is separate) is one of the world's largest manufacturers of trucks, buses, construction equipment, and marine engines. Their brands include Volvo Trucks, Mack, Renault Trucks, and UD Trucks. They're also a leader in autonomous trucking and electric heavy vehicles.
Sell trucks and equipment, then earn recurring revenue from parts, service, and financial services over the vehicle's lifetime. The aftermarket business carries much higher margins than new vehicle sales. Financial services (truck leasing and financing) add another profit layer.
Founded in 1927 in Gothenburg, Sweden, Volvo Group sold its car division to Ford in 1999 (which later sold it to Geely). They've since focused entirely on commercial vehicles and industrial equipment. The acquisition of Renault Trucks in 2001 made them a European heavyweight.
| Market Capitalization | $45.0B |
| Annual Revenue | $50.0B |
| Net Income | $4.0B |
| Profit Margin | 8% |
| Revenue per Employee | $500000K |
| Stock Exchange | OTC |
| Ticker Symbol | VLVLY |
Financial data is approximate and based on most recent annual filings.
Volvo Group and Volvo Cars are completely separate companies — a fact that confuses almost everyone. Volvo's autonomous trucks have been tested in mining operations, running 24/7 without drivers.
Volvo Group is the best-positioned truck maker for the electric and autonomous transition. The aftermarket business provides stability while they invest in the future.
What is Volvo Group's revenue?
Volvo Group generates approximately $50.0 billion in annual revenue.
How many employees does Volvo Group have?
Volvo Group employs approximately 100,000 people worldwide.
What is Volvo Group's market cap?
Volvo Group (VLVLY) has a market capitalization of approximately $45.0 billion on the OTC.
When was Volvo Group founded?
Volvo Group was founded in 1927 and is headquartered in Gothenburg, Sweden.
Who is the CEO of Volvo Group?
Martin Lundstedt is the current CEO of Volvo Group.
What is Volvo Group's website?
Volvo Group's official website is volvogroup.com.
| CEO | Martin Lundstedt |
| Sector | Industrials |
| Industry | Farm & Heavy Construction Machinery |
| Founded | 1927 |
| HQ | Gothenburg |
| Country | Sweden |
| Website | volvogroup.com |
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