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Volvo To Acquire Stake In Petro

March 18, 1999

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Volvo Trucks North America announced yesterday that it has agreed to acquire an ownership interest in Petro Stopping Centers.

In cooperation with Volvo truck dealers, new programs and services will be introduced to provide new- and used-vehicle purchases, rapid in-transit maintenance, business-management services and education, and leisure opportunities.
The Volvo Trucks-Petro partnership will enhance Volvo’s ability to provide maintenance service to its customers on a 24-hour a day, seven-day-a-week basis. Volvo owners will gain access to 214 Petro Lube service bays operated at 50 Petro locations, complementing Volvo’s existing network of 208 full-service dealer facilities.
Petro's service facilities will be tied to Volvo customers through Volvo Action Service, an around-the-clock customer support center staffed by Volvo employees.
The Volvo Trucks-Petro alliance will also offer Volvo truck dealers the opportunity to establish satellite “showrooms” at certain Petro locations for truck sales and specialized maintenance and repair services.
In connection with the new agreement, Volvo will partner with Mobil in the Mobil Delvac Dream Lease Sweepstakes. The contest, which awards a two-year, unlimited-mileage lease, begins May 2 and is open to CDL holders in the U.S. and Canada, 18 years of age and older. The grand prize will be a Volvo 770.

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