Oranizational Study: -

VOLVO Group

 

A company at the forefront

Volvo 3P’s mission essentially defines what we as a company intend to achieve:

“To propose and develop profitable products to ensure a strong competitive offer for each Volvo Group truck company, based on common vehicle architecture and shared technology.”The Volvo Way is the foundation for building a competitive corporate culture. The Volvo 3P values, based on the Volvo Way are the guiding principles for the company´s operation. The values guide and inspire all employees in the daily operations and development:

• Driving Business Value and Innovation
• Teamwork across Functions and Cultures
• Organizational and People Development

VOLVO is  organized in five synchronized functions responsible for product planning, product development, purchasing and project management. Each function is represented at our various locations and applies global processes and methods.

Scope The complete truck tractor, minus the driveline, plus related services. This is the principal scope of supply.

This means that the expertise covers basically every field of vehicle engineering, including electrical and electronics engineering, as well as product strategy and supplier management.

Challenge…
…not only ourselves but also the truck companies we serve - all in order for each of the truck brands to develop its competitiveness in every market segment.

We are young
3 of 10 Volvo 3P employees are under the age of 34. Gender diversity is progressing positively and currently 1 of 5 employees is a woman.

We are global
We operate at eight geographic sites around the world. This of course opens an array of possibilities in terms of global career development for our employees.

Considering the size and niche of our company, it is fair to say that Volvo 3P is the largest development organization in its field. And through effective knowledge sharing we ensure that our capabilities are optimally utilized.

HISTORY TIMELINE-

1920's-Volvo was incorporated in 1915 as a subsidiary of AB SKF, the Swedish ball bearing manufacturer.
1930's-The Series 3 trucks were extremely popular
•and Volvo Penta was enjoying tremendous success with its outboard engines
1940's-The Queen Elizabeth set sail on her maiden voyage from Liverpool to New York.
•Volvo's first terrain vehicle, the TVA, was demonstrated.
1950's-•Volvo acquired the construction equipment manufacturer, AB Bolinder-Munktell
•A new material known as "reflex" (reflector) was introduced on the Swedish market. It was designed to increase traffic safety in the darkness
1960's-•Volvo acquired its competitor, Arvika-Thermaenius.
•The S1000 was now sold as a Munktell, but under the name Volvo BM
1970's-The two-millionth Volvo car rolled off the assembly line.
•The F889, Volvo's most powerful truck to date, suitable as rugged semitrailer tractor or as all-wheel drive emergency fire tender for airport service.
1980's-•A new plant for producing bus chassis and trucks was opened in Curitiba, Brazil
1990's-Volvo had entered into an alliance with the French automotive manufacturer, Renault.
2000-Launch of a number of new products, were Volvo Trucks' new FL generation, Volvo Buses' new B12M, Volvo CE's A35D and A40D and Volvo Penta's launch of the new engine series, 420 and 620.
2010-The Volvo Group enters partnership with WWF to reduce CO2-emissions;UD Trucks and Nissan Motor end collaboration on contract manufacturing of light-duty trucks.
Product and Services-

Where is Volvo Group Headquarters located?

 

The Volvo Group Headquarters is located in Torslanda, outside Gothenburg, Sweden.

Volvo Group financial position

Net financial debt in the Industrial Operations amounted to SEK 27.5 billion at June 30, 2012, an increase of SEK 5.7 billion compared to the first quarter of 2012, and equal to 34.9% of shareholders’ equity. Excluding provision for post-employment benefits, the Industrial Operations net debt amounted to SEK 23.2 billion, which is equal to 29.5% of shareholders’ equity.
The Volvo Group’s liquid funds, i.e. cash and cash equivalents and marketable securities combined, amounted to SEK 31.1 billion at June 30, 2012. In addition to this, granted but unutilized credit facilities amounted to SEK 33.8 billion.
During the second quarter, currency movements increased the Volvo Group’s total assets by SEK 5.2 billion related to revaluation of assets in foreign subsidiaries.
The equity ratio in the Volvo Group amounted to 23.9% on June 30, 2012 compared to 24.3% at year-end 2011. On the same date, the equity ratio in the Industrial Operations amounted to 28.5% (28.5).
At June 30, shareholder’s equity in the Volvo Group amounted to SEK 87.4 billion.
http://www.volvogroup.com/group/global/en-gb/investors/reports/annual_reports/pages/annual_reports.aspx


Corporate Social Responsibilities---

	Dow Jones Sustainability Indexes Volvo Group has qualified to be included on DJSI World, Euro Stoxx and Nordic. Link to website
	Nordic Sustainability Stars SIX STAR is a Nordic sustainability index launched in 2009 by SIX and Ethix SRI Advisors. Volvo Group is ranked among the top 25 Swedish companies. Link to website
	ECPI Global Carbon Equity Index and ECPI Ethical Index Global is designed to select the 300 top capitalized companies in the global market best equipped to tackle a world of rising carbon emissions. Volvo is included in the two indexes. Link to website
	Sustainable Value CreationThe Volvo Group has gained top ranking in a survey on responsible business practices conducted by Sweden’s largest institutional investors. The survey studied the 100 largest corporations listed on the Nasdaq OMX Nordic Exchange in Sweden. Link to website