Cars are Volvo's business, but not its only business

So you thought Volvo was only a Swedish carmaker! Did you know that Volvo is also in the oil business, sports, and food? Felix brand, for example, is the No. 1 ketchup in Austria, even though back in Sweden it trails Heinz. Felix is made by Volvo.

Closer to home, Volvo markets Abba-brand caviar (squeeze it out of a tube) in the United States, as well as Ramloosa-brand mineral water from Sweden.

Further, the Scandinavian Trading Corporation, in which Volvo is a participant, had $2 billion in oil sales in the United States in 1982 through a 25 percent interest in Hamilton Brothers, a Denver oil distributor.

Meanwhile, Volvo sold 86,000 new cars in the US in 1983 and looks for 100,000 this year.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK