The Volvo Group is one of the world leading manufacturers of trucks, buses and construction equipment, drive systems for marine and industrial applications, aerospace components and services. Volvo’s business areas are – Volvo Trucks, Mack, Renault Trucks, Volvo Buses, Volvo Construction Equipment, Volvo Penta, Volvo Aero and Volvo Financial Services. Several business units provide additional manufacturing development or logistical support. The largest business units are: Volvo Powertrain, Volvo 3P, Volvo IT, Volvo Logistics, Volvo Parts and Volvo Technology. Founded in 1927, Volvo has approximately 92 000 employees, production in 19 countries and sales activities in some 180 markets. Volvo Technology is a Business Unit of the Volvo Group (i.e. AB Volvo) with the head office in Gothenburg (Sweden) and offices in Lyon (France), Greensboro/Allentown/Los Angeles (United States) and Shanghai (China).
On contract basis Volvo invents, researches, develops and integrates new product and business concepts and technology for hard as well as soft products within the transport and vehicle industry. Volvo primarily works in the key technology areas: soft products, process & manufacturing, vehicle technologies & transport solutions, propulsion, electrical & embedded systems, and new technologies. Volvo participates in national and international projects in certain strategic areas, involving universities, research institutes and other companies. Through all European framework programmes, Volvo Technology has participated in a large number of projects. Beside R&D, Volvo Technology offers specialist services in key expert functions: intellectual property protection, standardization, information retrieval, materials technology as well as Volvo Production System. Volvo Technology has today approximately 500 employees.
VRA – Vehicle and Road Automation is a support action funded by the European Union to create a collaboration network of experts and stakeholders working on deployment of automated vehicles and its related infrastructure.