Volvo, officially known as Volvo Aktiebolaget (AB Volvo), is a Swedish multinational manufacturing corporation headquartered in Gothenburg. Founded in 1927, Volvo initially focused on automobile manufacturing but later expanded into other sectors. Today, the company primarily manufactures commercial vehicles, construction equipment, and industrial power systems. Volvo also provides marine and industrial drive systems, as well as financial services. In 2016, Volvo was the world's second-largest manufacturer of heavy-duty trucks through its subsidiary, Volvo Trucks.
Volvo's current President and CEO is Martin Lundstedt. In 2025, Volvo Trucks maintained its leading position in the European heavy-duty truck market, holding a 19.0% market share. The company's strongest markets in Europe included the United Kingdom, France, Poland, Germany, Lithuania, and Spain. In North America, Volvo Trucks had a 9.2% combined market share across the U.S. and Canada in 2025. Recent news includes the start of production for the new Volvo VNR in the U.S., and an agreement between Volvo Group, Renault Group, and CMA-CGM regarding a strategic change for Flexis. Volvo's commitment to innovation is reflected in its ongoing development of autonomous transport solutions and its focus on sustainable transport and infrastructure.
