Most of the Volvo truck production of their various brands is done outside Sweden.
Plants where Volvo trucks are manufactured:
Mack Truck, Macungie, Pennsylvania, USA
New River Valley, Dublin, Virginia, USA
Durban, South Africa
Jeddah, Saudi Arabia
Kuala Lumpur, Malaysia
Latest progress report. Truck sales 20/21 so far. This is January 2021 so about half a years sales figures. Misleading as MAN and Scania are treated as separate operations where they are both owned by VW. If the Paccar trucks (Kenworth, Peterbilt and DAF) were treated the same any Paccar brand would not make the top ten.
Isuzu produce around 75,000 heavy trucks per year putting them out of the top ten.
I have just read the first 50 pages of the merger agreement and skimmed over the remaining 450 pages.
FCA have merged with Peugeot (PSA) in a share exchange deal. It is like New Zealand merging with Australia. All Peugeot assets have been swallowed up by the "new" company which is still Fiat Chrysler Automobiles.
"In accordance with this Merger Proposal, as at the Effective Time (i) PSA will be merged with and
into FCA and will cease to exist as a stand-alone entity, while (ii) by operation of Law, FCA, as the
surviving entity, will acquire all assets and assume all liabilities, rights, obligations and other legal
relationships of PSA"
Peugeot Group as an entity will cease to exist. Their shareholders will get FCA shares to the value of their PSA shares and now be FCA shareholders.
In other words FIAT has bought Peugeot by giving out shares instead of money. Those shares are insufficient for Peugeot shareholders to have any controlling say in the FCA but sufficient for them to have a few seats on the board.
Remember we are only talking about FIAT North America here not the huge FIAT international juggernaut against which Peugeot is a puny competitor.
They will probably keep the Peugeot and Citroen names in France but I bet there soon will be the same cars driving around with either Peugeot or FIAT badges.
Thank you Lang for this pertinent information but I would like to bring some complementary information. The Peugeot family has the option to increase its shares in Stallantis at the same level as Exor (FCA Agnelli family) this, in the next 3 years. The weak partner in Stallantis is FCA. FIAT is dying; in North America Chrysler and Dodge have a dated fleet and FCA has to pay big money each year to TESLA for rights to pollute because FCA is unable to meet the Clean Air Act standards. The positive components brought by FCA are JEEP and RAM brands as well as a modern manufacturing footprint and a high density dealer network. For its part, the Peugeot Group brings a modern fleet, an important development in vehicles electrification and autonomous vehicle research and the most important, Carlos Tavares the guy who was running Peugeot with success including the successeful recovery of the ailing GM European operations bought by Peugeot few years ago. Finally about the governance of Stallantis, the Board of Directors is made up of 5 Directors appointed by FCA, 5 by PSA and Carlos Tavares as Chief Executive Officer. Carlos Tavares as the eleventh member of the Board is the elephant in the Board room; at the end of the day it's him who call the shot. So, as in the past when Daimler and Chrysler made a merger of `` equal ``, the merger of PSA and FCA is not as equal as we can think at first sight.
This is a really hard merger to get to the bottom of. The latest information is scarce with most references 6 months out of date. There have been a number of significant tweaks of the deal in the first 6 months of this year.
The declared asset value of FCA is 97 billion Euro and that of PSA 69 billion Euro. It is not surprising that Carlos Tavares has been kept on as CEO with his record of handling mergers such as Opel. Having spent many successful years with Renault and Nissan before joining Peugeot he is an outstanding gun-for-hire. FIAT have kept the Chairman of the Board position. Of course Tavares is technically an employee like nearly all CEO's and was sensibly considered best man for the job. His inclusion could also have been part of PSA merger bargaining as well.
Both PSA and FCA have been assessed in many reports as being well behind most other manufacturers in moving to new technology. Obviously they both have large investments in the future but have lagged in incorporating the technology in their products. Their failure to break into the Chinese market (despite Dong Feng having a shareholding in PSA) has not helped either company.
If I had time to read the whole 500 page agreement it might make the relationship between PSA and FCA clearer but I have better things to do. From my initial reading many reports on motoring sites and car magazines are completely ballsed up. In fact one of the largest car news websites declared the name FCA was ceasing to exist in a PSA take-over when actually it was the other way around.
The general public will never know the name Stallantis which will only be used at corporate level. Most large international well known brands are actually owned by similar unknown holding company names.
Wheels within wheels!
The following user(s) said Thank You: R.Buron, wee-allis
All this thing is a work in progress. It will be interesting to see what happen in the years to come. In some aspects Stallantis with its 14 nameplates and non consolidated manufacturing sites begins to look a little bit to a British- Leyland of the twenty one century.