When Volvo Group changed its business strategy to focus entirely on developing and manufacturing commercial vehicles and related services, we began with selling the Volvo Car operations to Ford Motor Company in 1999. As part of our strategy we acquired Mack Trucks in the US and Renault Trucks in France in 2001 and purchased UD Trucks in Japan (formerly Nissan Diesel) in 2007. In our construction equipment sector we acquired - among others - Samsung Excavator in Korea, Lingong in China and Ingersoll Rand's Road Machinery division in the US. In our Bus sector we are 100% owner of Prevost and Nova Bus in North America.
This strategy has allowed us add on new customer bases and revenue streams, which is good for our top line growth. We have also consolidated our powertrain and product development operations into two units in order achieve economies of scale in the industrial operations, cutting costs dramatically. Increased top line growth with a decreased cost basis builds the future for our Group and benefits our shareholders.
Another vital result with this strategy, combined with our organizational approach, is that Volvo Trucks North America and Mack Trucks were the first truck manufacturers in the US to receive EPA 2010 certifications and the California Air Resources Board for meeting 2010 emissions standards.
Early this year, Knight Transportation placed an order for 370 Volvo VNs equipped with selective catalytic reduction (SCR) emissions control technology. Knight is a long-standing Volvo customer; about 3,000 of the 3,736 trucks in its fleet are Volvo Vans.
Our D11 and D13 engines are fitted with advanced SCR technology, an effective and well functioning technology that reduces NOx and particulate matter to nearly zero. This is good for society because the environmental impact is reduced. The SCR technology is also important for our customers because delivery of the power and performance that is needed for the transport work is met with significantly improved fuel efficiency of up to 5%.
SCR technology for diesel engines in commercial vehicle applications is a smart, cost effective and environmentally adapted solution benefiting American society and the American transport industry. It is a win/win concept for all our vital stakeholders that also incorporate our employees!
Click here for more information on Volvo Trucks and SCR Technology
Click here for more information on Mack Trucks and SCR Technology
Let's keep America rolling!
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