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1998

 

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Volvo Aero Turbines (UK) signs gas turbine agreement with Honeywell Control Syst...

12/30/1998 5:27 AM EST  -   Volvo
VOLVO AERO TURBINES (UK) SIGNS GAS TURBINE AGREEMENT WITH HONEYWELL CONTROL
SYSTEMS


Volvo Aero Turbines (UK) Ltd. has signed a Memorandum of Understanding (MoU)
with Honeywell Control Systems Ltd.


The agreement makes Volvo Aero Honeywell's preferred supplier particularly
when it comes to gas turbine installations in the UK healthcare market. The
main area of...

Scania heading for record year in France

12/29/1998 5:28 AM EST  -   Scania
Concentration on major customers yields results:


In France, Scania's concentration on haulage firms with large fleets has
yielded results. With a 30 percent increase in sales to a total of about 4,000
trucks, 1998 is about to become a record year.

"Our success with large fleet customers is the product of a long-term
programme of investment in our dealer and service network....

Volvo to develop its own car diesel engine

12/21/1998 10:57 AM EST  -   Volvo
VOLVO TO DEVELOP ITS OWN CAR DIESEL ENGINE


Volvo Car Corporation has decided to develop its own diesel engines for
passenger vehicles. Diesel engines will be available in Volvo cars within a
couple of years. The engines will be manufactured in Volvo's factory in
Skövde, Sweden.


"Volvo Car Corporation has the advantage that our existing petrol engines, the

Scania expands in Lithuania

12/18/1998 8:38 AM EST  -   Scania
Vilskana becomes wholly-owned importer

Scania is taking over Vilskana UAB, Lithuania's leading Scania dealership,
with immediate effect. The new subsidiary, which is also taking over the name
and all the staff, will be based in the newly inaugurated premises in Vilnius
which will also serve as the regional centre for Scania sales in Lithuania.

Anders Grundströmer, who heads...

Margareta Lewin appointed Head of Human Resources

12/17/1998 10:34 AM EST  -   Scania
Margareta Lewin has been appointed Head of Human Resources, and a member of
Scania's Executive Management. She will assume her new post on 15 January
1999.

Ms. Lewin was appointed as a consultant on 1 September 1998 to undertake a
total review of Scania's personnel function.

During the last ten years, Margareta Lewin has been Head of Human Resources of
the AGA Group and,...

Volvo Trucks' deliveries January-November 1998

12/17/1998 9:45 AM EST  -   Volvo
VOLVO TRUCKS' DELIVERIES JANUARY-NOVEMBER 1998


Volvo Trucks' deliveries in January-November recorded a total of 74,835 units,
an increase of 21 per cent, compared with the same period last year. Sales
showed the following distribution:


1997 1998

Europe, total 30,604 37,318 +22

of which

Western Europe 27,708 33,597 +21

Correction-Deliveries

12/17/1998 3:58 AM EST  -   Scania
Corrected version 17 Dec 1998

Scania deliveries

Deliveries of Scania trucks during the period January through November 1998
increased by 8 percent.

Deliveries, number of trucks Jan-Nov 1998 Jan-Nov 1997 Change %

- Western Europe 29,377 23,975 23
- Central and eastern Europe 2,136 1,752 22
- Latin America ...

Scania deliveries

12/16/1998 9:22 AM EST  -   Scania
Deliveries of Scania trucks during the period January through November 1998
increased by 8 percent.
Deliveries, Jan-Nov Jan-NovChange %
number of trucks 1998 1997

- Western Europe 29,377 23,975 23
- Central and eastern 2,136 1,752 22
Europe
- Latin America 7,214 8,887 -19
- Asia ...

Dutch State to Withdraw from Nedcar

12/14/1998 10:39 AM EST  -   Volvo
DUTCH STATE TO WITHDRAW FROM NEDCAR


Today the Dutch State has exercised its option to sell its shares in NedCar to
Mitsubishi Motors Corporation and Volvo Car Corporation.


Not later than 15 February 1999 the shareholders' structure of NedCar will be
changed into a fifty-fifty ratio in favour of the industrial shareholders
Mitsubishi Motors Corporation and Volvo Car...

New President For Volvo Buses

12/14/1998 4:05 AM EST  -   Volvo
NEW PRESIDENT FOR VOLVO BUSES


Jan Engström has been named president of Volvo Bus Corporation. He will assume
his new position on January 1, 1999.


Jan Engström is currently with AB Volvo, the parent company of the Volvo
Group, where he has been chief financial officer and senior vice president
since 1993. He will succeed Björn Larsson, who will handle assignments in...