- Volvo Group Willing to Support Volvo Cars

[2008-12-23 17:05:19]

The Volvo brand name is known for much more than just cars. In a similar fashion to how Rolls-Royce shares its brand with BMW, the former supplying the aviation industry while the latter continues to build motor cars, and Mitsubishi holds everything from major hotel chains to Nikon cameras and some of the world's most powerful banks, Volvo Group builds marine powertrains, heavy duty diesel engines for industrial use, buses and highway trucks, as well as ball bearings through SKF, and the list goes on. It's pretty obvious that this other Volvo company stopped wanting to be in the car business when it sold off its namesake brand to Ford in 1999, and according to a recent report from Agence France-Presse (AFP) it still doesn't want to be in the car business as it has no intention of buying Volvo back from Ford. Just the same, it sees the necessity of protecting the good name it has developed, realizing that if it allows the car operations
Source: Automobile Inc.
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