Volvo Could Sell Car Division, Focus On Trucks

January 07, 1999

SHARING TOOLS        | Print Subscribe
Sweden’s Volvo appears to be considering selling its car division in order to focus on its higher-profit truck and heavy equipment divisions. The London-based Financial Times reports that Volvo has appointed a U.S. investment bank to explore a possible sale or merger of its car division.

Ford, which earlier this week said that any merger plan would not include heavy trucks, is said to be one of the possible bidders for the business. Fiat and Volkswagen have also been mentioned as possible merger partners.
Lief Johansson, Volvo’s chief executive, “has made no secret of his desire to expand Volvo’s truck, bus and construction equipment divisions, all higher-margin businesses,” reports the paper.
The additional cash reserves generated by a sale or other deal would give Volvo the ability to expand in other areas.

Comment On This Story

Comment: (Maximum 2000 characters)  
Leave this field empty:
* Please note that every comment is moderated.


We offer e-newsletters that deliver targeted news and information for the entire fleet industry.


ELDs and Telematics

sponsored by
sponsor logo

Scott Sutarik from Geotab will answer your questions and challenges

View All

Sleeper Cab Power

Steve Carlson from Xantrex will answer your questions and challenges

View All