Volvo Group (AB Volvo)קבוצת וולבו
A Swedish-based, multinational public company, which manufactures trucks, buses, construction equipment and marine and industrial engines.
The Volvo Group provides heavy machinery used for the demolition of Palestinian houses in the West Bank and East Jerusalem, construction of Israeli settlements and construction of the Separation Wall.
In the South Hebron Hills area, Volvo wheel loaders were used to demolish houses in the Palestinian village of Umm al-Khayr and to block roads.
Volvo track excavators and wheel loaders were also used for house demolitions in the Palestinian neighborhoods of Tzur Baher, Silwan, Wadi Qaddum, Sheikh Jarrah, Beit Hanina and Issawiya in East Jerusalem.
The company's equipment was used for the construction of the Har Gilo settlement and the Barkan Industrial Zone. Volvo trucks were used for the construction of the Huwwara checkpoint, Route 443 (a West Bank road for Israelis only) and the Separation Wall near the Palestinian village of Al-Walaja.
Volvo Group excavators and loaders were also used for the demolition of houses of Palestinian citizens of Israel inside the Green Line. Volvo heavy machinery was used in multiple demolitions in the city of Lod. In addition, the company's wheel loaders were used in numerous attempts to evict the Bedouin community of Al-Araqib from its land in the Negev desert.
Volvo Buses, a subsidiary of the Volvo Group, owns 26.5% of Merkavim, which supplies armored buses for Egged lines in the occupied Palestinian territories. The rest of Merkavim is owned by Mayer's Cars and Trucks, which is the exclusive distributor of Volvo in Israel. Volvo Group buses are also used by the Central Company for the Development of Samaria and the Company for the Development of the Binyamin Council in the West Bank, for transportation services to the settlements. The Samaria Regional Council also owns and operates a Volvo licensed garage.
In response to a freedom of information request by Who Profits, the Israel Prison Service confirmed that the Volvo Group and its subsidiary Merkavim provide services to the Israel Prison Service, including buses for the transportation of prisoners.
In addition, the Volvo Group supplied maintenance trucks to the Jerusalem Light Rail project, which connects settlements in the Jerusalem area with the city center.
The Volvo brand comprises Volvo AB and Volvo Cars. In 2010, Volvo Cars, which was held by Ford Motors, was sold to the Chinese corporation Geely. Volvo AB includes Volvo Trucks, Volvo Buses, Volvo Penta, Volvo Construction Equipment, Volvo Financial Services and Volvo Holdings.
Major shareholders: Industrivärden (20.2%); Cevian Capital (11%); Norges Bank Investment Management (6.3%); SHB (5.8%); and Alecta (4.4%).
Subsidiaries of Volvo AB include Volvo Penta (Sweden), Volvo Construction Equipment (the Netherlands), Volvo Financial Services (Sweden), Volvo Holdings (Sweden), Volvo Group Japan, Volvo China, Volvo GB, Volvo Holding Mexico, Volvo Norway, Volvo Malaysia, Volvo Italy, Volvo Russia, Volvo Singapore and Volvo Latvia.
The company's brands include Volvo Trucks, Volvo Buses, Volvo Construction Equipment, Volvo Finance Service Vostok, Renault Trucks, UD Trucks, Prevost, Mack Trucks, Eicher (a fifty-fifty joint venture with Eicher Motors, India), Volvo Penta, Nova Bus, SDLG (Shandong Lingong, China), Volvo Rents and Volvo Aero.
The Volvo Group has production facilities in 19 countries and sells its products in more than 190 markets worldwide.
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