Sunday, April 11, 2010

From the current issue of Busride Magazine:

From Sainte-Claire, QB,Canada, April 6, 2010, Prevost and Volvo Bus say the currently announced purchase of Volvo Car by Zhejiang Geely does not affect Volvo Group, Volvo Bus or Prevost, as these entities maintain their focus solely on the commercial vehicle industry and Volvo Group has had no responsibility to Volvo Car since 1999.

When Ford purchased the Volvo Car division from Volvo A.B.in 1999, there was no effect on the daily business within Volvo Bus. The sale of the car division allowed the Volvo Group to focus on the strengthening of its commercial vehicles such as trucks, buses, and construction equipment.