Clean Break: the company completely halting Russian engagements or exiting Russia
Leave WithdrawalVolvo Cars is a Swedish multinational manufacturer of luxury vehicles headquartered in Torslanda, Gothenburg. The company manufactures SUVs, station wagons, and sedans. The company's main marketing arguments are safety and its Swedish heritage and design.
Clean Break: the company completely halting Russian engagements or exiting Russia
Leave WithdrawalAutomaker Volvo Group will reduce employees in the Russian Federation during the year. The company produced trucks at the plant in Kaluga, which is currently idle. 30/08/2022: Ferronordic and Volvo CE agree to terminate dealer agreement for Russia
Suspend all shipments to Russia. On December 8, 2022 the agreement on the sale of key assets was closed by the Swedish Volvo Group (it sold "VOLVO FINANCE VOSTOK" LLC, "VOLVO COMPONENTS" LLC and others) but few more has left.