Volvo Group Southern Africa which owns Volvo Trucks South Africa has dismissed reports that it is restructuring. This after media reports and social media posts wrongfully linked the company to a recent statement issued by Volvo Cars South Africa.
In a statement the company clarified;
Firstly, Volvo Group Southern Africa and Volvo Cars SA are not the same company, not locally and also not globally. Volvo Cars and Volvo Group have been separate entities since 1999, when Volvo Group sold Volvo Cars to Ford Motor Company and in 2010, Volvo Cars was acquired by Geely Holding Group.
Volvo Cars and Volvo Group, while they share a common origin, name and brand, they are distinct entities owned by different holding companies.
Volvo Group Southern Africa currently employs 750 staff members and has an assembly plant in Durban, KwaZulu-Natal.
Volvo Group Southern Africa implores all to refrain from linking Volvo Group, Volvo Trucks, Volvo Bus, Volvo Penta, Volvo Financial Services or the Volvo Group Assembly Plant to the announced plans of Volvo Cars SA, a separate legal entity.
About Volvo Group and the different business divisions
Volvo Group is a multinational manufacturing company headquartered in Gothenburg, Sweden. It is known for its production of commercial vehicles, construction equipment, and various other products and services. The Volvo Group is organized into several business divisions, each focusing on specific areas within the company’s operations. Here are the key divisions of Volvo Group:
Volvo Trucks: This division primarily deals with the design, production, and marketing of heavy-duty trucks for long-haulage, regional distribution, and construction purposes. Volvo Trucks offers a wide range of vehicles tailored to meet different customer needs, including conventional trucks, hybrid trucks, and electric trucks.
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Volvo Construction Equipment: This division specializes in the manufacturing of construction equipment used in infrastructure projects, including excavators, wheel loaders, articulated haulers, and road construction machinery. Volvo Construction Equipment aims to provide efficient, sustainable, and innovative solutions for the construction industry.
Volvo Buses: The Volvo Buses division focuses on the design, production, and sale of buses and coaches for urban and regional transportation. It offers a comprehensive range of buses, including electric and hybrid models, with an emphasis on safety, fuel efficiency, and passenger comfort.
Volvo Penta: Volvo Penta is responsible for the development and production of marine and industrial engines. The division supplies engines for a wide range of applications, including boats, yachts, industrial power generation, and agricultural machinery. Volvo Penta also provides propulsion systems, controls, and accessories related to its engines.
Volvo Financial Services: This division offers financial solutions to support Volvo Group’s customers and dealers. It provides a range of services, including financing, leasing, insurance, and rental programs. Volvo Financial Services assists customers in acquiring Volvo Group’s products by offering tailored financial solutions to meet their specific needs.
Volvo Autonomous Solutions: This division focuses on the development of autonomous transport solutions. It aims to provide self-driving vehicles for various applications, such as mining, ports, and transportation within confined areas. Volvo Autonomous Solutions leverages advanced technologies, including artificial intelligence, machine learning, and connectivity, to enable safe and efficient autonomous operations.
Volvo Penta Industrial Operations: This division encompasses Volvo Penta’s industrial operations, including the manufacturing of engines, transmissions, and driveline systems for industrial applications. It serves various sectors, such as mining, agriculture, material handling, and power generation, providing reliable and efficient power solutions.
Volvo Group Real Estate: This division manages Volvo Group’s real estate assets, including properties, buildings, and land. It handles the acquisition, development, maintenance, and administration of real estate assets to support the company’s operations worldwide.
These business divisions work collectively to drive Volvo Group’s mission of shaping the future of transport and infrastructure solutions. By focusing on innovation, sustainability, and customer satisfaction, Volvo Group continues to be a leading provider of products and services in the commercial vehicle and construction equipment industries.
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